April’s unemployment numbers jumped to 14.7%. The market was up 13% in April!
Earlier this week, Disney cut its dividend after reporting a 93% drop in earnings. The next day, it’s stock was up 4%!
How can the market move higher with so much bad economic news around? It defies common sense. Or does it?
If you’re confused about what’s going on in the stock market, I thought I’d add to it with some help from Peter Bernstein: Continue Reading…