Covid crisis and S&P500
The previous resistance at 2635 was broken after 3 attempts and now, forming the new support line at that level. New resistance is currently at 2810 and has been tested twice. Look like it might head down a little before trying the resistance again.
The stock market continued to rise last week, even as Labor Department data continued to show signs of high unemployment level. The most straightforward reading of the mismatch between the stock market and the labor market data is that Congress did a much better job preserving the value of capital owners’ investments than of saving jobs.
Another reason might be that investors have gotten very optimistic. It’s true that intense restrictions on activity seem to be effectively slowing the spread of the virus. And it’s true that the Italian and Spanish experiences suggest that means that we could be seeing declining deaths and case volumes by the end of April.
The stock market continued to rise last week, even as Labor Department data continued to show signs of high unemployment level. The most straightforward reading of the mismatch between the stock market and the labor market data is that Congress did a much better job preserving the value of capital owners’ investments than of saving jobs.
Another reason might be that investors have gotten very optimistic. It’s true that intense restrictions on activity seem to be effectively slowing the spread of the virus. And it’s true that the Italian and Spanish experiences suggest that means that we could be seeing declining deaths and case volumes by the end of April.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.