Wall Street and Main Street took different roads a while ago. While Wall Street (and the world's other stock markets) is convinced the worst of the economic shock is over, Main Street is not. Thus, as incumbent politicians can attest, the popular mood grows uglier as share prices rise.
The reason for that disjunction is joblessness. Unemployment is higher than would be expected given both overall economic activity and the recovery in asset prices.
US non-farm payrolls, always a big market event, are due tomorrow, and the consensus is that they will show no net loss of jobs last month for the first time in two years.
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