Maybe an explanation of why the stock market keeps rising, inexpicably, during a pandemic?

[fleur-de-lisa]

The Mysterious LOLGOP @LOLGOP

We gave average Americans $1200 and gave the stock market like $2,000,000,000,000, in case you're wondering what's going on.

Link to tweet

[The Velveteen Ocelot]

1. The stock market isn't the economy.

Investors are buying into the stock market only because other investments (bonds in particular) suck so much right now.

[Bernardo de La Paz]

6. Not economy but tRump sees it as a bragging point for campaign if he can rig it. . . . nt

[still_one]

8. Exactly

[mr_lebowski]

2. Isn't Nasdaq mostly tech-based stocks?

Kinda makes sense a lot of tech companies would do well, frankly, for a number of reasons.

[Hoyt]

3. An optimistic view -- Stock Market recognizes trump will lose, and better days are close.

[SpankMe]

4. This just goes to show you...

Business is capable of adapting to almost any economic reality. We can properly regulate them for consumer protection, for the environment and for worker equity and they'll come out just fine.

The next time they cry that they'll go down the tubes if we require them to put scrubbers on their smoke stacks, we'll just point to how well their stock did when we were in a pandemic and no one was buying anything.

[Grasswire2]

5. It's simply a casino now, based on wishes and dreams. And...........

....the person juicing it with federal money is the person who bankrupted his own casinos.

[erronis]

7. Unfortunately the stock market is wired to minutely delivered market analyses and

less to quarterly/annual reports which also don't take into account long-term health of the company or sector.

It's all bottom line. Will investors be able to maximize return-on-investment in very short-terms. These terms used to be measured in multiple years. Now they are down to months, days, hours, and micro-seconds.

There's very little broad picture analysis going on that is reflected in the gains/losers.

Bonds tend to be a bit more stable but are hard to read because of the trade-off from the equity markets. Futures? fuggetaboutit.

[empedocles]

10. High Frequency Traders, Large Speculators, sheep shearers, [they don't seem have their own index],

Hedge Funds.

These are the groups that are big market movers.

[empedocles]

9. On a more basic level, a majority of voters are optimistic about next year.

A remarkable 95% of republicons think trump has done well on the economy.

'How Americans Feel About the Country Right Now: Anxious. Hopeful.
Exhausted and angry as they face a series of crises, many voters nevertheless remain optimistic about the future, a poll shows, viewing this moment as a chance for progress'. - NYT

A number of investors may feel buy and hold has worked all right [as of now]. And, the markets have been juiced upwards by Large Speculators who see small investors continue to contribute to their stock funds, etc., and fed market interventions [buying Walmart etc. bonds to support private lenders]. So the market has a robust bounce up from 30% losses, encouraging more market buying.

Not necessarily a time for complacency. From a sophisticated market watcher, deeper than 'the public' is likely to see.
'Market worrying about a phenomenon much worse than stagflation?
'Treasury Market Smells a Rat: Steepest Yield Curve Since 2017 Despite QE'
by Wolf Richter • Jun 4, 2020 • 141 Comments ventures.'