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RSS Feeds5 Possible Reasons For Why Stock Markets Are Booming Despite Poor Economic Conditions
(WorldNews Business)

 
 

4 july 2020 13:17:25

 
5 Possible Reasons For Why Stock Markets Are Booming Despite Poor Economic Conditions
(WorldNews Business)
 


On 3 July, Indian stock markets closed higher for the third straight day even as daily count of COVID-19 cases in India has been making new records. In the US, S&P 500 index saw its fastest-ever 30 percent decline in March from a record high, while in the first week of June, the index rose 37.7 percent in 50 days, the fastest rally in the history in such a short period. Why has there been such a dramatic recovery seen in stock markets even as economists are forecasting the worst economic contraction since the Great Depression in 2020? The extreme volatility seems to show a clear disconnection between the economy and the markets. A similar recovery in the stock markets was seen after the...


 
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