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This Is What The Surge In Tech Buyouts Mean

(Credit: pixabay) This Is What The Surge In Tech Buyouts MeanThis Is What The Surge In Tech Buyouts Mean
June 28
3:23 PM 2019

This is a lesson for traders. Extreme pessimism is normally a buying opportunity.

This does not mean the bad news disappeared. The economy is still slowing fast.

  • The May jobs report, revealed Friday, showed the economy added only 75,000 new jobs - far below expectations. And news outlets reported that the Labor Department revised the count for March and February lower, too.
  • This follows a Commerce Department report last month showing gross domestic product limped to a 2.2% increase in the fourth quarter of 2018. Corporate profits failed to rise for the first time in two years.
  • Meanwhile, the trade war with China persists, and politicians are stepping up their calls for new regulations and fines for big technology.

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