1/ I& #39;m seeing a lot of twitter outrage today over market going up in response to massive unemployment increases. I can& #39;t tell if people are actually serious about this, or simply amused by what appears to be a paradox. Assuming they are serious .... https://twitter.com/CharlesFLehman/status/1248291898512625664">https://twitter.com/CharlesFL...

2/ The market isn& #39;t up, it& #39;s down since 2 months ago. The market was expecting massive unemployment starting back in February. It& #39;s been going back up from it& #39;s lowest point over the last few days because unemployment hasn& #39;t been as bad as expected.

3/ It& #39;s like:
Doctor: We had to amputate your dad& #39;s leg, but he& #39;s otherwise okay.
You: Oh thank god.

That sounds like an outrageous response only if you ignore what happened before:
Doctor: Your dad was in an accident and will likely die.

4/ It& #39;s quite common for a company& #39;s stock price to rise after announcing bad results. It& #39;s because the market was expecting worse results. The stock market rising today means the latest news of 6.6 unemployment claims isn& #39;t as bad as the 8 million claims they were expecting.

5/ People think the market& #39;s optimism isn& #39;t that the PEOPLE will do better but that the government will do BAILOUTS, giving businesses taxpayer money. That could be the case, but it would take more evidence.

6/ I& #39;ve looked for such evidence without finding it. For example, the market continues it& #39;s pessimism for the companies most needing bailouts, like the airlines.

7/ The European and Japanese stock markets follow similar curves as the U.S. markets. In other words, I doubt the rebound has to do with what the market feels about Trump bailouts.