Why is the market rallying when the economy is such a bad state?
atitkothari.substack.com
Unemployment has reached 26 million in the US, that's 16% of the US working population. It was just 3.5% at the beginning of Feb. While the economy is on halt, the stock market rallied 2.6% today, and it is now only 15% down from its high. What's going on? People are losing jobs, but the markets are recovering at such a fast pace!
Why is the market rallying when the economy is such a bad state?
Why is the market rallying when the economy…
Why is the market rallying when the economy is such a bad state?
Unemployment has reached 26 million in the US, that's 16% of the US working population. It was just 3.5% at the beginning of Feb. While the economy is on halt, the stock market rallied 2.6% today, and it is now only 15% down from its high. What's going on? People are losing jobs, but the markets are recovering at such a fast pace!