Posted on 06/03/2020 3:27:12 PM PDT by Signalman
Nothings Gonna Stop Us Now. Another day, another rally for the stock market, this time buoyed by some actual good news.
The stock markets rally in recent weeks has felt awfully disconnected from the grim reality on the ground. And that only felt more true as protests erupted around the country following the killing of George Floyd by a Minneapolis policeman.
Investors, however, are motivated by fear and greed, and right now both are helpingfear of missing out and greed as the market goes higher. Thats especially true after the bleakness was interrupted by some better economic newsthe ADP payrolls report, which showed 2.6 million Americans losing their jobs in May, well below forecasts for nearly 9 million. Thats still a huge number of jobs lost, but its at least some evidence that the stock market really is reflecting a quick recovery in the U.S. economy.
That evidence will need to be confirmed by other jobs reports this week, including unemployment claims on Thursday and the official payrolls report on Friday. But for now, its great news for the U.S. economy. Labor market developments are the most important driver of the growth outlook going forward, writes Evercore ISIs Dennis DeBusschere. The better the job data, the lower the bankruptcy risk.
The stock market loves it. The Dow Jones Industrial Average has gained 411.83 points (Up 527 today), or 1.6%, while the S&P 500 has risen 1.1%, and the Nasdaq Composite has advanced 0.6%
(Excerpt) Read more at barrons.com ...
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.
YES.
Americans are incredibly resilient.
Trump’s great leadership inspires confidence.
Back to business!
I thought the same thing!
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.
Exactly...
Well the betting markets don’t. Biden has taken the lead there.
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.
Wrong. Yesterday the Vegas book had Trump at +1.20
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.