The August Illusion: When Record Highs Met Collapsing Foundations—Why Markets Are Dancing While Central Banks Build Their Exit

Something strange happened in the first week of August 2026. The American economy lost 23,000 jobs when everyone expected to gain 83,000. Stock markets responded by throwing a party. The S&P 500 jumped to a record 7,757 points. The Nasdaq hit 26,690. Together, they added $2.5 trillion in value in just five days. This is not how markets are supposed…

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