The Bulls Have Taken Back the Stock Market

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WSJWhatsNow: Boeing’s stock soared and Wall Street’s street cred is on the line. paulvigna breaks down this week’s winners and losers.

The bulls are in the driver’s seat again. Stocks rose this week, with investors seizing on incrementally good economic news and ignoring the clashes in the streets, the odds of a long, drawn-out recovery and even the potential resumption of the U.S.-China trade war.

Driven by Boeing Co., the Dow Jones Industrial Average was up 3.5% for the week through Thursday’s close. The S&P 500 gained 2.2%, and the Nasdaq Composite rose 1.3%.

 

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paulvigna ribbit they’re propping it up to get out alive ribbit

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paulvigna Boeing's stock soared along with the stock market? The stock market does not represent the average American by far. This is not our economy. It's the 1%'s economy. Sick of it all. Can we protest against them too?

paulvigna Pretty good, except you forgot to add the jobs numbers were erroneous and made to look better than what they really were

paulvigna Let people go back to work.

paulvigna Yeah and you guys said it would be a long time - no rebound you said. Maybe now you understand why we don’t believe your paper or your opinions.

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This Bull Market Isn’t as Big as You ThinkThe stock market isn't quite as oblivious to economic hardship as you might think, argues jasonzweigwsj jasonzweigwsj What Morons, PPP money paid employee's to do nothing. I had 8 weeks to spend the money. Now money gone so are the jobs. Restaurants are in bad shape. Real Bad. Rich crooks cashing in on hardship 13 mil people of work hooray!! jasonzweigwsj Buenos días Venezuela Les recuerdo la premisa SI NO CAE GUAIDÓ, JAMÁS CAERÁ MADURO. Ténganlo claro, la única solución es EL ESTALLIDO SOCIAL NACIONAL. De resto Henry Ramos Allup seguirá girando dólares a los diputados, eternamente. No olviden seguir a Gori. HT ZELLE PAYPAL jasonzweigwsj From my experience, very few people actually know the difference between a bull and a bear market, yet they speak about it like they’re economic experts. 🤷🏼‍♀️ Not everyone does, but most do.
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Stocks Fall Slightly After 1.9 Million More Americans File For UnemploymentThe market took a breather after a strong start to June. bitcoin
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