Tuesday, September 15, 2020

Wall Street Entirely Detached From Economic Reality

Because nothing in the financial universe travels in straight lines, stocks took the high road on Monday to prove to the world that all is well, everywhere, all the time.

Meanwhile, just a few headlines:

Protest in Kalamazoo, MI
Protests, Lancaster, PA
Protests, Cops Shot, Los Angeles, CA
Planned Protests of President Visiting Philadelphia
Protests, Sacramento, CA
Protests, St. Louis, MO






At Least 50 Shot, 10 Dead in Chicago Weekend Shootings
Shootings, Grand Rapids, MI
At Least 6 Dead in NYC Weekend Violence
Detroit, MI: 4 Weekend Homicides
46 Shot, 12 Dead in Baltimore Shootings

Food Banks In San Francisco Double
Feeding America Says 54 Million May Need Food Banks In 2020
Greater Chicago Food Depository Sees Increased Demand
Increased Demand At Memphis Food Banks






That's just a sampling of what's going on in the world's largest economy. Apparently, investors see protests, violence, and starvation as net positives.

At the Close, Monday, September 14, 2020:
Dow: 27,993.33, +327.69 (+1.18%)
NASDAQ: 11,056.65, +203.11 (+1.87%)
S&P 500: 3,383.54, +42.57 (+1.27%)
NYSE: 12,932.69, +159.65 (+1.25%)

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