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Why is the stock market rallying when everything is falling apart?
By betterspider  •  May 19, 2020
Despite record-high unemployment numbers around the globe, millions of companies closing and tens of thousands of people dying globally, the stock market has still managed to recover significantly from its lows in mid-March and has some pundits saying that this is perhaps the start of another bull run.
US initial jobless claims. Source: NY Times
Vanguard Total World Stock ETF (VT) as a proxy for global stocks. Source: Google
Is the stock market really disconnected from reality? Could it be another bull trap? Have we all lost our minds? Here are my thoughts on this phenomenon.

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We have witnessed a global lockdown of unprecedented scale in varying degrees of severity. Some countries like Italy and New Zealand have completely shut all stores except the bare essentials while others like South Korea and Hong Kong have less drastic measures with no lockdowns, just masks, and tracking apps to help in contact tracing....
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By betterspider
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