New ask Hacker News story: Ask HN: Why is the S&P 500 rallying in a crisis?
Ask HN: Why is the S&P 500 rallying in a crisis?
2 by jacobedawson | 0 comments on Hacker News.
I'm trying to process a disconnect between the unemployment crisis brought on by the virus, an incoming housing market implosion and a decreasing Index of Consumer Sentiment with the fact that the S&P 500 is up 500 points in the past month - it's on track for the best month since 1974. I don't understand monetary policy or macro-economics in general, but I'm struggling to grasp the gap between my intuition and reality. What's the deal?
2 by jacobedawson | 0 comments on Hacker News.
I'm trying to process a disconnect between the unemployment crisis brought on by the virus, an incoming housing market implosion and a decreasing Index of Consumer Sentiment with the fact that the S&P 500 is up 500 points in the past month - it's on track for the best month since 1974. I don't understand monetary policy or macro-economics in general, but I'm struggling to grasp the gap between my intuition and reality. What's the deal?
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