It doesn't make much sense to me either, but I have a couple theories. One is that the spending bill that made it through congress and/or action by the Federal

It doesn't make much sense to me either, but I have a couple theories. One is that the spending bill that made it through congress and/or action by the Federal Reserve have caused a temporary bump. Another is that the infection rates in the U.S. have slowed somewhat and this is being interpreted (correctly or incorrectly) that we're at or near the infection peak, and that the worst-case scenario is probably averted. A third theory is that even with all that's happening, most people who had money before all of this began still have money, and they're using it to buy stocks while they're on sale.