If we are focused on job losses (and this article is), then it's a false comparison, since many of these job losses are temporary. Some amount of the contractio

If we are focused on job losses (and this article is), then it's a false comparison, since many of these job losses are temporary. Some amount of the contraction should rebound as the disease abates. It's still a massive problem, but the Fed intervening quickly and the fact that many of these jobs are coming back (plus the healthy unemployment payments/bonuses) mean comparing straight up unemployment claims is disingenuous, and the stock market reflects that. Still the SPY500 is down 500 points, which isn't "recovering" yet.