A woman wearing a mask passes the New York Stock Exchange, Tuesday, June 30, 2020, during the coronavirus pandemic.
“It’s the first time you’ve had back-to-back like this since the 1930s,” said Willie Delwiche, investment strategist at Baird. “It’s pretty unprecedented.”The whiplash that ripped through markets in the second quarter came as investors became increasingly hopeful that the economy can pull out of its severe, sudden recession relatively quickly.
The S&P 500 has rallied back to within nearly 8.4% of its record set in February, after being down nearly 34% in late March. At one point earlier this month, it had climbed as close as 4.5%. Schutte said the market is being supported by the likelihood that there won’t be a nationwide shutdown again, aggressive monetary policy and hopes for a vaccine sooner rather than later. “The path of least resistance is still two steps forward, one step back,” he said.
More “This good thing happened buuuuut” journalism.
“Irrational Exuberance” ring a bell?
This stock today is so not the normal stock market so this doesn't even matter.
Stock market no longer depends upon actual trade.
👇🏻
Thanks, Obama 🤡
Wall Street is deluded and the main reason why the GOP is refusing to help struggling Americans.
Get ready for wave 3.
How does this happen Unemployment is out of control. People wait on line for hours for food. And then you have this. Another example of the rich get richer and the rest of us get screwed!
And yet unemployment is through the roof. The stock market is not a good indicator of economic health.
This is infuriating.
Something like 45 million unemployed and yet Wall Street has an amazing quarter. ThE StOcK MaRkEt Is ThE EcOnOmY!
Wall Street is totally disconnected from Main Street. The banksters are drinking the champagne while their piss trickles down on us.
Thank You realDonaldTrump
Nasdaq is really close to its 52 wk high, which is what I presume it was before the Covid-19 Lockdowns. S&P 500 is kinda close too
The stock market isn't the economy. It's a rich mans game. that's it
Unbelievable.... Nobodys working. The stock market goes skyrocket !
The rich just keep getting richer as the rest of us suffer.
more proof that wall street is not a good representation of the actual economy
And this helps the general public because....?
What improved for regular people?
Thanks to President Trump keeping things moving where he has control. 🙌🏻👊🏻
How?
wow i guess everything is great then
Unemployment is what... 45 million and we are in a recession? The Dow is not the economy.
الليثى وصافينار هاقطعك
Yeah it's been good
fake money based on rich people feelings.
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