Opinion: Why it’s not so crazy that stocks are rising even though 26 million people are out of work
Published: April 25, 2020 at 4:21 p.m. ET
By
Nigam Arora
316
The are many reasons for the stock market’s buoyancy — from incentives in the industry to retirement-account purchases to behavioral biases
Getty Images
Unemployment continues to rise in the U.S. amid a government-mandated shutdown of the economy.
Initial jobless claims for the week came in at 4.4 million Thursday, pushing the total above 26 million and producing an estimated 15% unemployment rate.
The question I’m being asked most is: “Who is buying this stock market?”
Source:https//www.marketwatch.com/story/why-its-not-so-crazy-that-stocks-are-rising-even-though-26-million-people-are-out-of-work-2020-04-23?siteid=yhoof2&yptr=yahoo
Published: April 25, 2020 at 4:21 p.m. ET
By
Nigam Arora
316
The are many reasons for the stock market’s buoyancy — from incentives in the industry to retirement-account purchases to behavioral biases
Getty Images
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Unemployment continues to rise in the U.S. amid a government-mandated shutdown of the economy.
Initial jobless claims for the week came in at 4.4 million Thursday, pushing the total above 26 million and producing an estimated 15% unemployment rate.
The question I’m being asked most is: “Who is buying this stock market?”
Source:https//www.marketwatch.com/story/why-its-not-so-crazy-that-stocks-are-rising-even-though-26-million-people-are-out-of-work-2020-04-23?siteid=yhoof2&yptr=yahoo
