Turn that frown upside down
Welcome to the Know the Difference Minute for Wednesday, August 30th. 
We’ve had a few days of weaker economic data and the market seems to like it. Is there any truth to the “bad news is good news” meme? 
Some, but not a lot. 
The saying makes it sound like investors are a bunch of vultures who like to feast on bad news. 
News is always about what has happened, but what does it mean for what might happen? A lot of that depends on the Fed and how it reacts to the news. 
The news hasn’t been all that bad. Job growth broader economic activity is still good, though maybe not as great as it was. It’s not bad news so much as slightly less good news. And the good news is that the Fed might feel like it can stop pumping the brakes on the economy.
I’m Brian Jacobsen, Chief Economist at Annex Wealth Management.  That is your Know the Difference Minute.