More than 26 million Americans have filed for unemployment aid since mid-March due to the pandemic. Data showed that US is nowhere near lifting of restrictions and the economic situation in the main street is daunting. Oil price reached its historical low entering into negative territory when storage scarcity poses huge problem due to low demand. There is no clear sight of economic recovery in the foreseeable future. On the contrary Wall street stocks registered one of their best runs last month. Earlier this month, the market posted their best weekly performance since 1974.
Why is there such a big contrast between wall street and main street?
UPSIDE REWARD AND DOWNSIDE RISK NOT CONSIDER PROPERLY
There are many possible reasons. The most typical and the mechanical ones are emotionally-led news and optimisms which spur the stocks recovery.
Consider possible upside and downside
For instance, some of the positive news includes: stimulus from the Fed, peak