Yeah. And the “protests” have shown the shut down is a scam.
A lot of cash still on the sidelines from savings, stimulus, etc
Also tremendous pent-up demand right now for services (e.g. restaurants, home improvement, travel, etc)...
demand that can only be fulfilled by increasing labor.
From the headline, I thought “the rally” pertained to Trump’s rallies starting up again, no doubt! (If you can have protesters, why not rallies).
You mean the Fedmarket?
the ADP payrolls report, which showed 2.6 million Americans losing their jobs in May, well below forecasts for nearly 9 million.
Well, where have all the people gone, long time passing....
San Francisco is a ghost town as is Manhattan
Silicon Valley? Same as the two cities
Someone needs to get back to work.
Where else are you going to put money?
It was overbought before Covid. It’s even more overbought today.
Because they realize Covid19 was a hoax now.
I don’t doubt the rally, its great but it has little to do with the overall economy. 40 million plus people are not working who were working before and that number is going much higher. The DOW going up is pretty irrelevant.
Yes, expect a boom.
I agree with Limbaugh: The markets are soaring because they believe — thanks to the rioting — that he is a sure thing for reelection.
I checked. All my down stocks are in the green because of the buys I made when they first tanked. And I expect them to recover more.
And my 401(k) is being run by someone more knowledgeable and capable than I am, so good there, too.
About a month ago, the company I work for had their stock fall like everyone else.
I bought another $5k worth of stock.
Today they closed at an all time high.