"SP Retail Index Makes New High For Year" -- taking out Feb. high

Scataphagos

Scataphagos

Everybody see that this morning? And in spite of retail sales falling -16%.

How can that be rational considering all the lockdown, unemployment, etc...?

Trump must be giddy!
 
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Scataphagos said:
How can that be rational considering all the lockdown, unemployment, etc...?
More...

Market believes it is transitory - or at least transitory enough where the Fed can patch up the difference in the meantime.

Here in Belgium, schools, clothing stores and hairdressers are reopening on Monday...the European experience over the next couple of weeks should give the US a good indication of what to expect as you reopen.
 
Scataphagos said:
Everybody see that this morning? And in spite of retail sales falling -16%.

How can that be rational considering all the lockdown, unemployment, etc...?

Trump must be giddy!
More...

Not many nail salons and barber shops in the S&P Retail Index. One could argue that this crisis is actually improving the long-term prospects of big listed retail (with a few exceptions like department stores) as their smaller unlisted competitors have been wiped out almost overnight.
 
SteveM said:
Market believes it is transitory - or at least transitory enough where the Fed can patch up the difference in the meantime.

Here in Belgium, schools, clothing stores and hairdressers are reopening on Monday...the European experience over the next couple of weeks should give the US a good indication of what to expect as you reopen.
More...

Yes. Market is betting Fed pumping will hold everything together until the economy and earnings catch up to prior level (bad bet in my book... worse than "bad"... more like foolish/crazy/stupid... but maybe I'm wrong).
 
SteveM said:
Market believes it is transitory - or at least transitory enough where the Fed can patch up the difference in the meantime.

Here in Belgium, schools, clothing stores and hairdressers are reopening on Monday...the European experience over the next couple of weeks should give the US a good indication of what to expect as you reopen.
More...

It will take at least 3 weeks before there will be any reliable results. Trump will not wait that long. He is afraid for the negative influence on his reelection. But this might come back as a boomerang in his face...
In Wisconsin all bars are already open and crowded. The governor did not agree but Trump is encouraging the people not to listen to the governor.

https://www.latimes.com/world-natio...opening-wisconsin-brings-concern-trump-praise
 
If it is weighted by market cap, it is going to be 30+% in Amazon.


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