Stocks Rise Slightly, Dow Up 100 Points As Reopening Of The Economy Continues

The CBOE Volatility Index , Wall Street’s fear gauge, has come way down since the market’s wild months in March and April, however: After peaking at 82.7 in late March—amid the height of the coronavirus sell-off, it’s now down to 26.4.Stocks are once again “demonstrating impressive resiliency,” moving slightly higher despite “hardly any major macro news” to spur a rally, says Adam Crisafulli, founder of Vital Knowledge.

He says that while “it’s certainly encouraging that business conditions appeared to have troughed in early April,” the declines compared to last year “remain enormous and it will be some time before trends return to pre-crisis levels.”“It's been a rough year for the banks,” according to Bespoke Investment Group. “Despite coming into this crisis much better capitalized than they were during the last, the sector still hasn't been able to avoid the pain.

Who cares? How does this help all of the unemployed people pay their bills? Also, when you compare stock traders to HealthcareHeroes, TruckDrivers & GroceryStoreClerks, exactly what value do Traders bring to our society? Not to judge them, but why aren’t they taxed more?

Even if the economy is reopening, we still need to proceed with caution. Here is an easy beginner's guide to investing for those thinking about starting their investing journey.

Say stupid phucks, Only thing I got left to say for the GOP rubes who still believe Foxnews sayin' trumpy greed virus is a Hoax. Gee whiz, Have fun with the suffering Death

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Stocks rise as more economies emerge from lockdownAsian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases. NOT OURS THOUGH 😭😭😭 endthelockdownuk We are finally returning to the norm. So did China's plan work?
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Stocks Rise on Hopes of Economic RecoveryGlobal shares rose, as investors continued to focus on the potential for a recovery in business activity in the months ahead, and to look beyond recent grim economic data. Of course they're focused on a business recovery even if tens of thousands of people die so these investors can make money. Wonder what the cost to GMB is given piersmorgan so unlikeable. GMB must ultimately suffer? Morgan+high salary+divisiveness+ego minus opportunity cost of big name interviews = less revenue+less profit+lower ratings+empower competitors. The prick has to go surely?! What recovery?
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White House advisers expect unemployment rates to continue to rise - Business InsiderAs one advisor said the numbers for May are likely to be 'very difficult,' another said the next jobs report could see unemployment rates nearing 20%. Why is it the Trump circus Admin all speak of what they think, never what they know? Just like the virus itself, the economic avalanche is just starting and will takeout a lot innocents. Just like the great gop recession of 2008....years of loss.
Source: BusinessInsider - 🏆 729. / 51 Read more »