One factor has become increasingly clear: The crisis has disproportionately affected small businesses and low-income service workers. They are essential for the real economy, but not so much for equity markets.Alternative explanations For example, because stock markets SPX, +0.87% DJIA, +0.56% GDOW, +0.
But, again, it is not clear that markets are correct in anticipating a never-ending continuation of low interest rates. After all, the long-term adverse supply effects, particularly from deglobalization, may linger long after global demand has recovered. At some point, markets will be disabused of the notion that taxpayers will cover everything indefinitely. Central banks are ultimately constrained in the amount of risk they are allowed to assume, and the belief that they still have an appetite for taking on more could be challenged if a severe second wave arrives this winter.
These smaller players simply do not have the capital needed to survive a shock of this duration and magnitude. And government programs that have helped keep them afloat for a while are beginning to lapse, raising the risk of a snowball effect in the event of a second wave.
Jail their execs
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Stocks climb again on Wall Street with hopes for stimulusStocks open higher on Wall Street as hope remains that Washington can approve more aid for the economy. A new report suggested the pace of layoffs is slowing a bit, though it remains historically high. When the stock market has lost touch with reality and only serves the elite. The tweet above and below this in my feed are about more massive layoffs. VoteTrumpOut Trump's waffling back and forth on stimulus must mean that he's manipulating the stock market again. I hope the right people are watching....
Source: AP - 🏆 728. / 51 Read more »
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Source: Reuters - 🏆 2. / 97 Read more »
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Source: latimes - 🏆 11. / 82 Read more »