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Can anyone tell me why stocks are up after 3.2m new jobless people as of 3/21, and 10 year treasury yields are down? It looks like people are rushing towards b

• Gustomaximus 7y ago
  Naturally no simple reason but I would say many people feel the rapid drop was overdone and put stocks into good value territory. Also might be people looking to park cash, especially 10 year notes. Personally Im mixed. Given how inflated stocks are at historical earnings and the severity of covid to the economy you'd think this drop will go much further. A couple months lockdown might really push a new reality. But offset that to even lower intrest rates coming, surely more and more quantative easing and a current view to somewhat prioritise the economy over people....who knows.
• daleco 7y ago
  I read that the stimulus bill is offering a forgivable loan for small businesses if they don’t layoff. Basically taxpayers paying for employees salary. Let me see if I can find the source... This could be one of many reasons. [edit] here we go, forgivable loan of up to 10 million, based on the company payroll https://www.inc.com/kevin-j-ryan/inc-chamber-of-commerce-small-business-town-hall-recap.html https://www.inc.com/kevin-j-ryan/inc-chamber-of-commerce-sma...