For several years now, various agencies and academics have predicted a systemic labor shortage that will create a labor shortage over the next 25-30 years as the gap between Baby Boomers and entrants of college-educated workers widens due to the Boomers’ mass retirements.
Last week’s powerful 12% rally in the S&P 500 reminds us that market volatility is not only to the downside. Stocks posted the strongest weekly gain since October of 1974. A combination of catalysts sparked the rally, including greater clarity on the President – elect’s key economic team appointments, the Federal Reserve intervention at Citigroup, and the drop in 30-year mortgage rates to 5.76%, the lowest level since the crisis erupted in mid-September. Key economic data this week on employment and manufacturing are likely to contribute to the volatility.
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