This past week, the Bureau of Labor Statistics released its jobs report. Major news involved the biggest year-over-year increase in wages since the recession, a 10-year Treasury-note yields jump, roughly 200,000 jobs being added in January alone, and the Dow Jones Industrial Average dropping over 600 points.
The sharp decline in the stock market is a good reminder that the stock market is not the economy. The stock market may decline while economic numbers are positive and vice versa. Despite the stock market volatility, many analysts believe 2018 will see continued economic growth via strong consumer and business confidence, stronger global economic trends, and increased spending and investment from recent corporate tax cuts.