By: Steve Smith
We’ve just suffered through a self-inflicted global shutdown, which according to this morning’s job data has left over 20.5 million jobless and an unemployment rate of 14.7% — both records — and especially stunning when considering this all occurred in just a six-week span.
Yet here during the largest real economic shock in modern history, and the “SPDR 500 (SPY)” is off just 11.2% this year. The “Invesco NASDAQ 100 (QQQ) in which dominated mega-cap tech names like “Amazon (AMZN)“”Microsoft MSFT)” and “Netflix (NFLX)” is actually up for the year and down just 1.8% from all-time highs.
So, here I attempt to answer “what’s up with the stock market?” in no particular order… Continue reading at StockNews.com