Because the economy isn’t “bad” like in previous recessions. Generally lots of people are unemployed because of government mandates not to work, not because bus

Because the economy isn’t “bad” like in previous recessions. Generally lots of people are unemployed because of government mandates not to work, not because businesses are experiencing lack of demand. When the shelter orders are lifted, much of the unemployed will be able to resume work. People will be going to the mall, travel, out to eat, etc. Now it’s not going to perfect - some businesses may find demand doesn’t immediately pick back up (or at all), and then real lay offs happen. IMHO this is why we find the stock market near previous highs but not quite there.