The S&P 500 hit a record, surpassing its February high despite economic devastation and record unemployment. Big tech shares helped drive the rally.
It's so interesting to see how our spending habits are shifting in the pandemic. E.g., & on splurges on Weight Watchers, cereal, camping equipment, etc. And also home improvement stuff:
What’s fueling #wallstreet? Fed bailouts, huge profits by tech/online companies, making the market giddy (). Unfortunately the stock market has precious little to do with reality. ⁦⁩ via ⁦