The Market Looks Past 3.28 Million Newly Unemployed and Soars: Is That Crazy?

0 | By Shah Gilani

Initial jobless claims for the week ending March 21, 2020, was a record 3.28 million.

That’s 11.6 times more than the week before when 281,000 claims were filed, and 4.72 times the previous record of 695,000 Americans who were seeking benefits way back in the week ending October 2, 1982.

But that didn’t stop the Dow Jones Industrials Average from soaring 1,083.79 points, or 5.05%, to 22,552.17.

Is that crazy?

NO…and yes. Here’s why.

Which Stocks to Sell, Which “Value” Stocks to Buy, When the Market Could Rebound…and More

4 | By Wall Street Insights and Indictments Staff

Today’s rally might be hopeful, but Shah isn’t quite buying it. That’s why he decided to jump on a video call to address some of the biggest questions riddling headlines today: which stocks to sell, how to evaluate a “value” stock (with two he’s looking at himself), when the market could rebound, and which questions you need to ask your financial advisor right now.

Just click here to watch

Posted in n/a

Recent Articles