Worse Than Expected Jobless Claims... but the markets don't care

It seems that throughout the Coronavirus, every Thursday when we get the jobless claims report, and it's worse than expected, yet you motherfuckers don't give a shit, and the market closes the day green.

Today there was a reported 1.877 million jobless claims, while the expectation was only 1.775 million. Initially it seemed like the markets may start to trend downward, but weirdly enough, fucking airline stock saved the day. Who would've thought?

AAL closed the day up an insane 41.10%! BA had a great day posting a 6.43%, while DAL saw a 13.73%.

This must have given investors some confidence as the market began to come back up. SPY tested its support of 310.87 multiple times today and even broke below it at points. Being completely honest, I was starting to think there was going to be some selling off. I mean SPY was at 304 just two days ago, I had my doubts. If I'm being honest, I trust this market as much as Mark Baum (Steve Eisman) trusted the big banks. At this point I feel like Chicken Little.

But, seeing SPY jump up at the end of the day today back to 311.36, makes me think there could be some gapping up tomorrow. All three major indexes held their levels today, which makes me think there could be some long term confidence entering the market again.

Idk, maybe we really could be in for a bull run. Only time will tell.

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