Last 77 Days: Economy Down, Market Up…Huh?

John Noonan Uncategorized Leave a Comment

Why This Happens   Since March 23rd, as you read this, unemployment has jumped off the charts (even after Friday’s report). More businesses have shuttered permanently. GDP forecasts have soured. The decline in industrial production was worse than any time during the Great Depression. Confirmed world corona cases have soared from 335,000 to 6,931,000. Deaths, from 14,700 to 401,000. All after March 23rd. Here’s an extremely, if not ridiculously, crude chart of all that bad news, alongside the return of the S&P 500 during that time: That’s a 44% gain for the S&P. To quote John’s mom, “It just doesn’t …