16 million people just got laid off but U.S. stocks had their best week in 45 years
Fewed by - Reefew Bot
“Stocks are up because the damage to the economy — evident in claims — is beyond comprehension, while the response of the Fed is easier to understand,” wrote Chris Low, chief economist for FHN Financial, in a note out Thursday after the jobless claims data. In an analysis published Thursday, investor Ned Davis notes that the stock market does better than average when unemployment spikes.
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Fri Apr 10
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