A Stay-at-Home Stock Market Kept Investors Afloat

(Bloomberg Opinion) — The coronavirus stock market, like Covid-19 itself, is something never experienced before. Get used to it.Since March, when the global pandemic became an American catastrophe, the U.S. economy has been a shadow of its 2019 self. Yet some of the most-followed measures of equity set records while an explosion in infections showed no sign of peaking and the 14.7% unemployment rate in April was the worst since the Great Depression. The seeming contradiction of simultaneous exuberance and disaster reflects a durable change in the way investors look at U.S. companies even as wishful politicians yearn to return …read more

Source:: Yahoo Finance