Your position sounds valid, but i also want to point out that we're at a point where "expectations" matter. For one, you can see from the past that initial cla

Your position sounds valid, but i also want to point out that we're at a point where "expectations" matter. For one, you can see from the past that initial claims reports every thursday were often far in exceed above expectations, yet all but one Thursday had stock market rallies. Furthermore, stocks who missed Q1 earnings and provided or retracted guidance had their stocks increase the next trading day. So, to say the stock market jump today was a result of 14.7% unemployment rate vs the expected 16% is an unfounded assertion. Could it be that it's because US-China tensions have allegedly eased? Could it be that oil jumped 4.5% today and is likely to have given investors faith that demand for oil is increasing? Or could it be a bunch of other things at once? I don't think it's fair to distill the stock market to just one outcome anymore. There's too much going on at once.