Financial Markets Amidst COVID-19
*As of June 15, 2020
Over the past few months, unemployment rose to all-time highs and corporate profits dropped as COVID-19 rippled across the globe. Despite the impending economic collapse, financial markets recovered quickly after the initial downside shock of the pandemic and still remain strong. In April, the S&P 500 experienced its best month in over 33 years. The obvious question that comes to mind is why the financial markets continue their “bull-ish” rise when COVID-19 continues to disrupt everyday life.
Here are some reasons to consider on why the financial markets keep going up: