WSJ says there are 5 reasons.
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This is an awkward post to write.
As much of the country is struggling to pay the rent and put food on the table, today I’m channeling a WSJ explanatory on why the stock market is doing as well as it is (down 9% from Feb. high, but up 30% from March low)
Putting my legacy of Catholic guilt aside… The WSJ offers 5 reasons:
- Counting on a quick economic rebound
- Big tech stocks are doing well during the crisis
- Optimism high for corporate earnings in 2021
- Rear of missing the upside
- The Fed is printing money.
Here are some supporting details & tidbits…
