At the end of March, if I told you that stocks would move to record levels in mid-2020 despite the pandemic, the biggest recession quarter in a century, and a global economy shutdown: you probably would have taken me for a fool.
Yet, that is what is happening now in the United States. As Jesse Livermore wrote: “Financial markets are never “obvious.” They are designed to deceive the majority of people most of the time.”
In 2020, the stock exchanges continue to obey this rule with both the correction AND the fastest recovery in 1 century. What exactly happened? Let’s try to clarify some clarification.
U.S. stock market: Record levels despite crisis
You may know this, but the United States is far from the country that has best managed the Corona-virus epidemic.
In fact, their situation has not improved much, and where many countries have managed to calm the game in recent months, the number of new daily cases in the U.S. remains comparatively high:
However, this has not prevented the U.S. stock markets from achieving one of the best performances of 2020, and it seems that the current situation does not cause much panic among American investors. ...CONTINUE READING