Making sense of a stock market just 16% off its high while a pandemic costs 26 million jobs

in hive-116221 •  3 months ago 


  • The S&P 500 is just 16% off its all-time high and up 29% off its low a month ago despite a pandemic that's cost 26 million jobs.
  • But stocks don't appear to be handicapping a quick resurgence in the economy when looking at the weak performance of "early cycle" groups such as autos, banks, consumer durable goods and retail.
  • Big, steady secular-growth stocks in technology, healthcare and consumer staples are holding things together.
  • Amazon's $1.2 trillion market value now accounts for more than 40% of the entire value of the S&P 500 consumer-discretionary sector.

Shared On DLIKE

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!