Ryan Bridge: Commerce will always find a way eventually
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Good morning, and I really do mean, good morning.
Four months ago, war kicked off in the middle east. A year earlier the tariff war kicked off all over the world.
And yet today the following things are happening, regardless.
Wall Street is steaming ahead... on track some best quarterly performances since Covid. The S&P: up 14% through Monday.
Nasdaq up 20%.
Price of oil's falling.
Manufacturing activity in the States is at a four-year-high.
Here at home, people always tell you the bad but rarely report the good or stable.
Yesterday, business confidence was UP in June.
A net 37% of businesses are more confident this month compared to last.
Despite the war and oil and shopper's being a bit cautious.
There's optimism and hope.
Jobs. Remember they said jobs would fall off a cliff? People would stop hiring.
Remember the employment survey that came out? Few weeks ago. Was the most negative/depressing reading since it began decades ago.
Then we got the jobs number Monday... we gained opportunities. We gained workers.
On a net basis, we added to the pool.
That's why on this programme; we always strive to bring facts without so much emotion and hyperbole.
Bad things happen and people react, but not always in the way you think, or even they think, they will.
And if there's one thing you can sure of, no matter how disastrous the headline the vent, the war, the pandemic...
Commerce will always find a way. Eventually.
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