Updated: May 28, 2020
If you’re like most people, you’re wondering how in the world the market can be doing this when the country has been on lockdown for the better part of two months:
As you can see above, stocks spiked 22% since late March, going by the performance of the Vanguard Total Stock Market ETF (VTI). Meantime, the economy is a shadow of its former self: the Federal Reserve expects it to shrink 40% in the second quarter—worse than the 23% drop seen at the depths of the Great Depression.
Before you ask, no, this disconnect isn’t a recipe for another crash.… Read more