Posted on 05/09/2020 11:23:50 AM PDT by SeekAndFind
The latest jobs report revealing record U.S. unemployment highlights a growing rift investors are struggling to reconcile: a rallying stock market and stumbling economy.
Gains in U.S. stocks accelerated Friday after Aprils nonfarm payrolls report showed unemployment rose to 14.7%, the highest level on record. It was the latest head-scratching development for many market observers, who have been parsing a steady stream of abysmal economic data while watching the U.S. stock market stage a recovery.
[SNIP]
Many analysts are looking past the grim economic data, forecasting a speedy recovery as state economies open back up across the country.
New York, which has been the hardest hit by the pandemic, has begun developing a plan to restart its economy. Other states are farther ahead, with more than 20 allowing some businesses to reopen. Nevadas Gov. Steve Sisolak said some businesses including dine-in areas of restaurants would be allowed to reopen Saturday with social distancing and occupancy limits. Those moves have encouraged investors that the economy is poised for a rapid rebound by early 2021.
Additionally, the number of new Covid-19 cases has moderated in the U.S. And stocks have surged on any signs of progress toward a potential vaccine.
People are making the bets
.that this is the bottom, said R.J. Grant, director of equity trading at KBW. Still, he said, The market is really divorced from economic reality right now.
(Excerpt) Read more at wsj.com ...
Because investors realize that Trump will be reelected, and that biden won’t be, and that this insanity will soon stop.
Much of the economy is based off of foreign markets.
How many trillions in newly printed money is being helicoptered to Wall Street?
That is all you really need to know.
Schrodinger cat bounce.
Is the WSJ WHINING??
RE: Much of the economy is based off of foreign markets.
Yes, but much of the foreign markets look to the Dow, S&P 500 and the NASDAQ as useful indicators.
The stock market is a lot more intuitive than folks give it
credit for.
The day before Trump won in November of 2016, the market
made a huge move up.
It had read in a Trump victory.
Proof of that is what took place from then until the first of the year 2017. The market kept going up.
Because the lockdown is dissipating and investors are seeing a gradual but steady return to normalcy. This is not like a shooting war where infrastructure is destroyed and has to be rebuilt which takes lots of time.
Because printing trillions of dollars and throwing it out of helicopters is highly inflationary and with zero percent interest rates, the only place you can hope to retain the value of your savings is in the stock market.
These are truly stupid articles... and from the WSJ no less.
... because there is light at the end of the tunnel.
And, Trump is in charge, not a brain dead clown like Biden.
Bingo. Right answer.
You win the prize for the day!!!!
Because those investors are betting on “the most realistic outcome” and not selling doom and gloom, or trying to hamper Trump’s re-election.
Remember we need the House, Senate and President Trump to get anything done.
We might be consuming in different ways but are we consuming any less? The answer is clearly NO.
In fact, the biggest societal problem when we come out of these nonsense "shutdowns" is that many of us will have gained over 20 pounds and need to buy all new clothing to go back to work - unless your work allows sweat pants that stretch.
The supermarkets and liquor stores are jammed and trucks are jamming our highways to keep them supplied. In our neighborhoods, thousands of UPS, FedEx and Amazon vans are busy delivering goods to our doorsteps.
Drive by any BestBuy or other superstore and you will see cars lined up to pick up their new big-screen TVs and such curbside.
We are consuming in different ways but we are CONSUMING.
But it will never stop. Nancy, Chuckie, The Deep State, The Media and Team Obama will never stop nasty coup and obstruction plots - until They are stopped.
This evil lock down is nothing but a war on small businesses, the middle class, and the working poor.
But aren't they dealing with Covid too?
Can’t the WSJ find Americans to write for them?
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