Current Events > The S&P 500 just had its best 50 days ever

(+) Yeah! (+)

https://www.cnn.com/2020/06/04/investing/premarket-stocks-trading/index.html

The US stock market rally has in many ways been befuddling. But there's no denying that gains have been extraordinary. The index just notched its strongest 50-day rally of all time as investors opt to look past the risks associated with rising US-China tensions and widespread civil unrest in the United States. What's happening: Since March 23, when the index hit its recent low, the S&P 500 has gained 39.6%. That's the strongest increase ever across 50 trading days, according to Ryan Detrick, senior market strategist at LPL Financial. "There's an old market saying that equities take the stairs up and the elevator down, but in the latest market cycle, the elevator up was almost as fast as the way down," analysts at Bespoke Investment Group told clients.

https://i.imgur.com/tGFKCzD.png

Good. It looked like we were heading for a depression but economy is back. The stock market is doing well.

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The stock market and the economy are not the same thing. That's more apparent now than it's ever been.
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The Stock Market has nothing to do with the economy any more. It's just a way for the most wealthy people to multiply money without consequences and wreck the buying power of the currency for people who actually spend the money instead of stockpiling it. If America was actually a democracy it would have been curtailed long ago.

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https://i.imgur.com/vIf0lAD.gif

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