Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York City, November 21, 2019.9:55 am: Bank stocks bolstered by economic reopening
The SPDR S&P Bank ETF and the Regional Banking ETF are both up about 5% as bank shares rallied on hope of the economy reopening. Those gains put both ETFs up more than 13% for the week and on pace for their biggest weekly gains since April. Citizens Financial, Regions, Truist, Citigroup and Wells Fargo drove those gains, jumping at least 14% this week. —Major U.S.
As states reopen their economies, Barclays combed through different data sets in order to assess how quickly life is getting back to normal. The firm found some encouraging signs, but noted that there's still a far way to go. For instance, Barclays found that S&P 500 company employees are gradually beginning to return to work. The median staffing pare back for companies within the benchmark index now stands at almost 90%, compared with a 95% reduction in mid-April.
Human chattel to fuel the megalomaniacs riches.
Brent Melville: Gold moves on to the radar of fund managers BushidoBlade61
40 million unemployed. Print, print, print.. 100s of countries have done this. How did it end for them?
35 Million unemployed. $3.7Trillion added to National Debt in just f/year 2020. hertz announcing bankruptcy. More than 50% of American workers make less than $19/hour. More than 5% of auto loans are 90 days past due. BUT ALAS cheer efforts to reopen the economy.
Never has the stock market demonstrated so vividly the disconnect between it and the population at large and by so doing demonstrated its callous disregard for that populace.
The Federal Reserve is the only investor with intermediaries buying stocks with their phony money.
Good for those who own stocks.
Sorry for loss
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Source: CNBC - 🏆 12. / 72 Read more »