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Everyone Was Waiting for Jobless Claims to Move the Stock Market. They Didn’t.

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Barron's on MarketWatch: Why jobless claims aren't moving stocks

There is a rare feeling of calm on Wall Street as futures for the major stock indexes...were doing almost nothing Thursday morning even after the release of weekly jobless claims figures.

Futures for the Dow Jones Industrial Average were down 28 points, or 0.1% before the release, while S&P 500 and Nasdaq Composite futures were up only slightly. Then the data came out. Some 4.4 million Americans filed for unemployment insurance, a touch below economists expectations for 4.5 million. About 25 million people have lost their... Subscribe or Sign In to continue reading.

 

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How many of those job losses are temporary vs permanent? When the nation opens back up they go back to work. Some will lose jobs, but the real question is how many and for how long? Likely not too long.

Surreal

Good reasoning

*someone cue the fed printing money gif*

is it cuz the feds been dumping trillions of dollars into the market over the past 6 months

Because Enabler Powell buys “all” & the market is not “free” anymore

They did though, higher as usual...

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