Futures up up up Dow 30 24,022.0 DERIVED 08:29:16 | Futures +179.0 +0.75% S&P 500 2,902.88 DERIVED 08:29:17 | Futures +22.88 +0.79% Nasdaq 9,176.25 DERIVED 08:29:17 | Futures +68.50 +0.75% SmallCap 2000 1,297.65 DERIVED 08:29:17 | Futures +12.65 +0.98
A record 20.5 million jobs were lost in April as unemployment rate jumps to 14.7% PUBLISHED FRI, MAY 8 20208:30 AM EDT
People on the street have to be looking at this in non belief. The avg guy is in trouble and wall street is partying . I've read several articles as this could cause social unrest in the future. There's so much anger toward the establishment getting richer as most suffer .
So 18 million people are believing their job will come back in 6 months according to what im hearing this morning. "Temporarily" job losses of 18 million! The unprecedented jump in joblessness came largely due to part-time layoffs. Those who said they lost their jobs temporarily surged 10-told to 18.1 million, while those reporting permanent losses more than tripled, from 544,000 to 2 million.
Told you it didn't matter what the job numbers were wallstreet was going to rally. Rally picks up steam in the final hour of trading, Dow now up 400 points PUBLISHED THU, MAY 7 20206:00 PM EDTUPDATED MOMENTS AGO
Next week s$p 3000 and things will be back to business all over again. Should be at fresh historical highs by June...end of summer 4000. Around Halloween 5000 and then by Christmas 6000+ The biggest recovery the world has ever witnessed is coming....from 30 million job losses in 1 month to the biggest fed fueled bull market the world has ever seen.