[PilotMan]

Originally Posted by sterlingice

Jobless claims: Another 5.245 million Americans file for unemployment benefits

I still don't get how stocks could be like "Hey, let's open up after the latest round of 5M unemployed". I mean, I know they have to have that number baked in a little. But there was nowhere that 22M jobless claims in a month was baked into the numbers where we're only 20% off of an irrational market high.

SI

I'm guessing because the people at the top of the food chain really haven't been impacted by this as much as others. We might see a steady, weakness in the markets the rest of the year as companies start to experience the after effects, and the stimulus money expires. A lot will depend on another stimulus. The market is a measure of public money after all, and as long as the government is going to keep printing and giving it away there will be some legs under the markets.