Historical job report with unimaginable job losses will mean ABSOLUTELY NOTHING to wallstreet!!!

S

S2007S

Yes absolutely nothing to wallstreet, but for the now 33,000,000 unemployed absolutely everything...... Tomorrows unemployment numbers will be something the world has never witnessed and something that wallstreet will care less about meaning the number is so historical and out of touch with reality that wallstreet will actually ignore the numbers. Wallstreet will look at it as how can it get any worse and on that idea alone will send equitiee up 2-3%, yes UP not down.


https://local12.com/news/nation-world/april-jobs-data-to-show-epic-losses-and-soaring-unemployment


https://www.nytimes.com/2020/05/06/business/economy/coronavirus-unemployment-jobs-report.html
 
nothing abnormal actually.
It is quite common to see market that is immune to major economic data release.

market has already factored in all the good / bad news.
 
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