Yeah, economically, I have no idea how that still supports the stock market when it's emotional based in so many ways. What is unemployment right now, 10%? Pretty rough when it happened within a period of a month. But the markets bounced back well, considering no vaccine found. To me, that's pretty crazy when under normal circumstances if Trump said something stupid the markets took a 5% hit. Now you have Trump doing things to negatively affect the market, plus the pandemic, plus oil, plus daily crap, and somehow the markets rebound. So weird.
My personal belief is that next month when banks release their results it will be a major hurdle. If earnings are bad, I could see the markets going sour, if earnings were so-so, probably an indication of the economic impact not being that bad. I personally see TD doing bad in the States, but I could see RBC doing alright being more Canadian based, which would point to a slight economic recovery. Again, just my thought though (I have no CFA and consider myself a complete amateur investor).
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