Unemployment just hit 14.7% yet market futures predicted big stocks gains. Please explain!

  • 📰 CNBC
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Unemployment just hit 14.7% yet market futures predicted big stocks gains. Please explain! investinyou (In partnership with acorns.)

to be, Petiri says. It's a way of predicting trends, "a marketplace that allows people to put an expected price on commodities and assets in the future."Here's why the futures market predictions may be out of sync with real-time prices.

By the time the markets open in the morning, there may have been news that the Federal Reserve or Congress or a corporation such as Microsoft, Google or GM did something. Perhaps they're coming out with significant earnings, Petiri says. "That would mean the later round of futures contract markets changed," he said.

Let's say you're buying stock. At 10 o'clock one morning, you're willing to pay $50 per share for some stock. Twenty minutes later, perhaps you're willing to pay $60 or $40 — depending on news.With a 14.7% unemployment rate, why was the futures market up 275 points? Short answer: The number is 14.7% and not 17.4%. "The market expected it to be worse," Petiri says. "People were expecting a number at 16 or 17."

That would be much worse than 14.7%, so Wall Street is basically saying, "Things are bad but not as bad as they could be, and it's going to get better."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

acorns And na black man photo una see to use?

acorns bitcoin

acorns Because if it was predictable everybody would be rich. Might squeeze to 3000, then 1600

acorns

acorns It's simple. Algorithms.

acorns Fed and worldwide CBs are flooding their economies with UNLIMITED with liquidity. There will be a time they are behind, most of the time, but not now.

acorns The worst thing of everything is that they will be bailed out by american tax payers again no matter what happens! They don’t care about YOU, they care only about their pockets and their fat familjens. This is the game for the rich to get richer and the way to enslave the poor!!!

acorns The market will tank as it is ABSURDLY overvalued by every metric under the sun. There is no reason to purchase stocks right now. People should be trimming equity exposure now.

acorns First of all this 14% unemployment figure is bullshit - the real number is around 20-24%. Secondly, the equity market, and ONLY the Shithead pimps who manipulate the equity market are pricing in a V shaped recovery which is arguably the dumbest f’in thing ever.

acorns Simple: the markets are high on cocaine! Trillions of cash!

acorns Unemployment will definitely go down but will stay up from pre virus. It’s crazy how being shut down for a few weeks causes so much extensive economic issues.

acorns Look at some of the stocks during earnings. Earnings are bad they start going down but then they discuss permanent lay offs and the stocks shoot up. Companies will lay off to continue to make profit gains. It sucks but all companies want to grow and not stay in the same place.

acorns 10 major companies run this economy. Small businesses r irrelevant. Watch these shows. They only talk to billionaires.

acorns The stock market is not the economy

acorns Historically DJIA loves unemployment. I've always felt it perversely bizarre. Maybe market sees it as companies shedding unnecessary dead-wood.

acorns Because people spending money still...

acorns Twilight Zone.

acorns A picture is worth a thousand words.

acorns come back in 2 weeks

acorns The SP500 is now a safe haven asset class.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business is booming for these 14 companies during the coronavirus pandemicDuring this upheaval, some companies been thriving because of dramatic shifts in consumer behavior. Good luck trying to find Clorox wipes.
Source: CNN - 🏆 4. / 95 Read more »