Bad news is good news for the markets

A trader works on the floor of the New York Stock Exchange on June 4, 2013 in New York City.

Stock markets were up this morning, though data from a variety of sources indicate a only tepid economy. Juli Niemann, analyst with Smith Moore & Company, says it's precisely this bad news that is making the market rally -- and the fact that the Federal Reserve is likely to continue stimulus measures as long as the economy appears fragile. 

Click on the audio player above to hear more. 

 

About the author

Juli Niemann is executive vice-president for research and portfolio management with Smith, Moore and Company.

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