Why Aren’t Stocks Down More?
The Irrelevant Investor
APRIL 23, 2020
26 million people are unemployed and the economy is at a stand still. And yet stocks down just 17% from their highs, and down less than 1% year-over-year. What is going on? Three things: Fed liquidity and fiscal stimulus are going a long way Remember, stocks fell 35%. Not nothing. The S&P 500 is not representative of the broader economy I want to focus on the third point.
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