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The S&P 500 is up 3% over the past 12 months as the market's resilience continues to mystify many

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Wall Street is resilient despite the confirmation of more than 4.7 million coronavirus cases globally, with nearly 1.5 million of those coming from the U.S.

Powell said: We've done what we can as we go. But I will say that we're not out of ammunition by a long shot. No, there's really no limit to what we can do with these lending programs that we have."Dow Jones Industrial AverageU.S. lawmakers have also approved trillions in fiscal stimulus to help cushion the economic blow from the coronavirus. Some of the fiscal relief measures undertaken include sending stimulus checks directly to Americans and expanded unemployment benefits.

shows that about 58% of the S&P 500's overall market cap is held by companies that have "not been meaningfully impacted by, or in some cases benefited from, the pandemic." The S&P 500's forward price-to-earnings ratio — a widely used valuation metric on Wall Street — currently sits above 20. Katie Nixon, CIO at Northern Trust Wealth Management, pointed out that's above the 5-year and 10-year averages of 16.7 and 15.1.

 

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The market was artificially propped today by vaccine news that wasn’t news at all. We’re still looking at Dec/Jan - the earliest. That’ll be the case of ANY vaccine or new medication. Where’s the journalism CNBC? Very disappointing! SquawkCNBC now FastMoney i

Yea LOL --- The Fed's buying ETFs

Lmao you said Wall Streets resilient . What a joke . Tell the DAMN TRUTH. I’d be resilient with 7 trillion from the FED . I’ll shot the RESILIENT CHART well well well .

Resilient? Two words. federal reserve

Age of the heartless greed!

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