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Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
Here are two statements that, on the surface, may appear contradictory:
Why do those premises sit together uneasily?
Well, a slowdown in jobs growth implies a faltering economy, which has generally been bad for stocks. When people lose their jobs — or simply feel like they can’t afford to buy goods and services — corporate revenue falls. And those numbers are what, fundamentally, stock prices are based on.
