This is why economics is such a pseudo-subject in many aspects. FOMO dominates always in the markets, it's all fear and greed, not supply and demand. People don't just sit on the sidelines because "AAPL/TSLA/IBM is a bit too high right now, I'll wait a few more years for the price to come down". Most funds act the same way.
If this is the case and they start to lockdown the cities they opened up recently there is going to be an even longer lockdown with even higher unemployment going further...according to Mark Zandi he says the US will meet the definition of a depression when the unemployment rate is double digits for more than 12 months. Let's see how the markets handle another long extended shutdown after trying to reopen!!! https://news.yahoo.com/workplace-worries-mount-us-tracks-050155366.html
the stock market is digital currency conversion to USD. no one has certificates anymore and who knows how much supply is really out there or how much $ Citadel was given by trump to buy supply of stocks
MARKETS Stock futures give up gains after Powell sees ‘significant downside risks’ PUBLISHED TUE, MAY 12 20206:05 PM EDTUPDATED MOMENTS AGO https://www.cnbc.com/2020/05/12/stock-market-futures-open-to-close-news.html
yeah sure. lots of trades all the time. look to buy any and all dips they r gonna run it up incase they need to run it down if covid gets bad..take it up so the drop isnt as bad