IMO the US stock market is skewed by Apple, Google & Amazon, all of which are multinationals and who earn a fair share of their revenue overseas and who ave benefited substantially by he corvid-19 lockdowns.
The brute fact is that the US real economy ( not the stock market) has contracted dramatically in the June Qtr with major recession pending in the Sept Qtr.
This is what led Benjamin Graham ( Warren Buffet's mentor) to say: "The stock market in the shorter term is a betting machnie but in the longer term its a weighing machine"
This "dead cat bounce" has given the big banks/big funds an opportunity to cash-out; even some may say that it has been engineered by them for that very purpose.
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- US Economy Tanks Record 9.5% In June '20 Qtr!
IMO the US stock market is skewed by Apple, Google & Amazon, all...
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