Posted on 05/09/2020 11:23:50 AM PDT by SeekAndFind
The latest jobs report revealing record U.S. unemployment highlights a growing rift investors are struggling to reconcile: a rallying stock market and stumbling economy.
Gains in U.S. stocks accelerated Friday after Aprils nonfarm payrolls report showed unemployment rose to 14.7%, the highest level on record. It was the latest head-scratching development for many market observers, who have been parsing a steady stream of abysmal economic data while watching the U.S. stock market stage a recovery.
[SNIP]
Many analysts are looking past the grim economic data, forecasting a speedy recovery as state economies open back up across the country.
New York, which has been the hardest hit by the pandemic, has begun developing a plan to restart its economy. Other states are farther ahead, with more than 20 allowing some businesses to reopen. Nevadas Gov. Steve Sisolak said some businesses including dine-in areas of restaurants would be allowed to reopen Saturday with social distancing and occupancy limits. Those moves have encouraged investors that the economy is poised for a rapid rebound by early 2021.
Additionally, the number of new Covid-19 cases has moderated in the U.S. And stocks have surged on any signs of progress toward a potential vaccine.
People are making the bets
.that this is the bottom, said R.J. Grant, director of equity trading at KBW. Still, he said, The market is really divorced from economic reality right now.
(Excerpt) Read more at wsj.com ...
No we didn't. The virus first started in November 2019 it didn't over load the hospitals then. Second wave we're nearly over with now which the hospitals never where over loaded. Third wave end of June early July. Depending how political it is will determine the threat level
Yep, part of the reason for dropping rates to zero (twice) is to force $$$ into the stock market...no where else to go with MM savings accounts near zero and bonds paying low rates. The $5.5 trillion in “stimulus”/QE 1,2,3,4... by The Fed has to go somewhere and most of it flows into stocks.
I live in Maryland, where to most drones, the almighty government can do no wrong.
Yes we Did!
.
They weren’t no
Wave ‘cept New York and
Chitcago,
.
Oil up you Ouija Board
and spell my name
Correctly for Your
Voodoo Dolls,
Nostradamus.
I left there along time ago!
Nonsense!
I am gob-smacked! Your Freeper handle is fortes fortuna juvat which translates to fortune favors the brave and yet you act like a hypochondriac, safe-space, but my feelings, testosterone-lacking millennial. SHAME!
I came here for a job 10 years ago during the Obama/Biden recession.
Ive got a great job but would leave in a heartbeat except that Im involved with a ministry that I cant leave just yet.
Go here and put in 11/03/2016 and 11/10/2016
You’ll note a 371.32 gain on 11/07/2016.
Open: 17,888.28
Close: 18,259.60
https://www.wsj.com/market-data/quotes/index/DJIA/historical-prices
The market gained for six straight days.
By 12/31/16, the market was already up over 1,400 points post
election.
At this site, you can put in your own start and stop date
for study.
Enter 11/02/2016 and 12/31/2016. You’ll get two pages. Be
sure to look at early November as well as the end of the
year section.
https://www.wsj.com/market-data/quotes/index/DJIA/historical-prices
https://www.wsj.com/market-data/quotes/index/DJIA/historical-prices
The public and the professionals can see a lot, but a once
in a lifetime event isn’t as clear to see up front.
From business owners to people simply used to going out to
eat, none of us saw this coming.
This was another failure of the CDC.
It should have used the month before to explain what the
possibilities could be if the spread entered the U. S big-
time.
As we watched China melt down, the CDC was playing
Tiddlywinks
I agree. Great...
If the market had wanted Hillary that bad, it would have
fallen off after Trump was elected. Instead it gained over
1,400 points by the end of the year.
I think it was scared to death Hillary was going to be elected
if you want to know the truth.
I was a bundle of ulcers and antacids until about 02:00 Wednesday morning.
On monday 11/7/16 the Dow closed up 37.32 at 18,259 on news that comey cleared hildabeast on email abuses.
On election day tuesday 11/8/16, the odds showed Hildabeast had a 98% chance of being elected & the market settled at 18,332.74 up abt 73 point
On the night of the election after swing states were coming in for trump m, the Dow futures sold off limit down (-870 point) in panic selling at 12:10 am early morning on 11/9/16. The sell off reached -900 point abt 2am.
After the market spent most of the day wednesday digesting the trump victory & implications for the economy, the Dow climbed abt 300 points in the last 30 minutes of trading to close up 251 point for the day.
And yes the market finish 2016 on a positive note
Oops. Monday dow was up 371.32.
Sorry for tupo
Thanks Thinden.
Example here is the pandemic of 1918 they had three waves. The second wave was the one that killed most of the people in October of 1918. incubation of H1N1 is shorting which suggest the span for SARS will be greater.
https://wwwnc.cdc.gov/eid/article/12/1/pdfs/05-0979.pdf
The Spanish Flu,
WW1 was a perfect storm for
That Bug,,,
What if “The Third Wave”
Does Not Happen?
Possible?
The CDC can Rot with
Their useless Info.
I agree the CDC sucks. Though you and I are talking about two different things. I was attempting to explain what I was talking about.
Let’s hope it is
Done,
We go on with life
and Pray We don’t go
To War with China.
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