Can someone explain how the Dow goes up after 6.6 million file for unemployment?

[Cattledog]

I don't get it.

[TwilightZone]

1. Reduced labor costs.

Stock prices often go up after layoffs.

[bluedye33139]

2. The money elite does not like seeing unemployment drop

When companies lay off the workforce, investors celebrate. This has been the case since forever.

[stopbush]

12. Yep. The lower the unemployment rate, the fewer people that need jobs

or want to change jobs, putting new-hire employees at a premium.

A high unemployment rate means cheap labor.

[Pisces]

3. Then they sell for a profit and it drops

[lark]

4. drumpf has 500 billion to spread around secretively and not require one dime of payback.

They won't have to follow any rules, they will steal all the money for themselves and not one penny will trickle down. They are fucking ecstatic, it's a huge giveaway and lots of them think they are in line for it and are chortling with glee.

[DarthDem]

5. Because

Rich investors who drive the movement of the major indices appear to be relatively unconcerned about the middle class and the working poor, at least until such matters have an impact on portfolios in a "macro" sense. The stock market's "bullish" performance in the face of the astonishingly widening wealth gap in this country, for years, has been completely illogical.

[Auggie]

6. Same buyers today will be selling tomorrow. It's a fucking game.

[NoMoreRepugs]

7. Trump stating he had talked to the Saudi's and he is confident

they and Pootie will be cutting oil production shortly. Oil futures spiked 30% immediately.

Layoffs are one thing, an economy moving towards 20-25% unemployment is another animal. US economy (GDP) is two thirds consumer spending, doesn’t take a NASA mathematician to figure out where we are headed IMO.

[gibraltar72]

8. Sure

Kelley Loeffler tells her husband which companies are gonna get help from the Government. Then he tells 10 thousand of his "friends" where to invest.

[OAITW r.2.0]

9. Labor is a liability on the corporate balance sheet.

The goal is "Productivity" Doing more work with less labor. The ultimate goal is to make one poor bastard provide all of the labor. The corporation will have then obtained the state of "Perfect Productivity".

[BadGimp]

10. The market tends to reflect "baked in" trends...

The reality of the unemployment numbers has been predicted for some time and so for the (Wall Street) & top funds etc, the effect for them is "baked in" to their forecasting.

It's quite interesting.

They get it but I do not think the Sheeple do yet. When the masses really get what is and will happen do we will see the ultimate impact on consumer spending etc. It will not be pretty.

I do not believe we have seen the bottom yet. The news I am reading, for example, suggests that 50-70% of all restaurants will not survive. Extrapolate that int the retail storefront businesses and in 60-90 days main street USA will look radically different. Then you will see the real jobs impact. Of course, the market numbers could still look like they do as in present a different picture.

[elleng]

11. Stocks Rally as Trump Flags Deal on Oil Production.

'Oil spiked, triggering a rally in shares of energy companies, after President Trump said on Thursday that he expected that Saudi Arabia and Russia would substantially cut their oil production to halt the collapse of prices.

Mr. Trump said in a tweet that he spoke with Crown Prince Mohammed bin Salman, who had spoken with President Vladimir V. Putin, and “I expect & hope that they will be cutting back approximately 10 million barrels,” That figure represents about 10 percent of normal world consumption. The president later said the cut could be as much as 15 million barrels.

Saudi Arabia called on Thursday for an urgent meeting of the Organization of the Petroleum Exporting Countries and other oil producing countries with the “aim of reaching a fair agreement to restore” balance in the oil markets, according to a statement carried by the official Saudi press agency on Thursday. The statement said that the Saudis were acting to support the global economy and in “appreciation” of Mr. Trump’s request.

The Kremlin denied that Mr. Putin had spoken to the Saudi crown prince, as Mr. Trump had said in his Twitter message. “No, there was no conversation,” Dmitri S. Peskov, spokesman for Mr. Putin, told the Interfax news agency.'

https://www.nytimes.com/2020/04/02/business/stock-market-today-coronavirus.html?

[SCantiGOP]

13. Most stocks are bought with a view of 10-20 years or even longer

If you think that today's price is below what it will be in X years from now, that makes it a good time to buy regardless of the news today or even this month.

[2naSalit]

14. OIL DEAL between US, Rus & Saudis. ...nt

[walkingman]

16. If you don't cut oil production we will not allow the Russians to interfere in our elections and we

won't continue to support MBS no matter what he does. The "Gang of Three" are all despicable human beings.

[2naSalit]

17. Iron triangle on steroids. ...nt

[masmdu]

15. I can't explain it. But I can pin point inflections points.

I am able to call turns on S&P emini with great accuracy with a very specific entry points.
This does not mean that I can call every turn but the turns that are triggered by my indicators and analysis are most often correct. When they are incorrect the stops are not far from the trades' entry point so any loss is minimal.

I will gladly share any trade live time with anybody who want to know.

[ck4829]

18. K&R