It Pays To Quit

(1) Does economy really need more stimulus? (2) More quitters as job market tightens. (3) Job switchers enjoy bigger wage gains than job stayers, who are doing better too. (4) Yellen’s wish is coming true. (5) More quitters reflecting more confidence. (6) Consumers have the means and the will to spend. (7) For stocks, an old normal year (so far) with lots of abnormal moves. (8) Betting that President Trump won’t be as protectionist as candidate Trump. (9) Do-si-do: High and low P/Es changing sector partners.