So this happened today…
weekly jobless claims, a 30σ event pic.twitter.com/LEO7s5TXsH
— ? ??? ?????? ? (@lenkiefer) March 26, 2020
…And then this happened
Stocks rose more than 6% on the same day that unemployment numbers shattered the previous record by an order of magnitude.
What, how, why?
Barry and I discussed how this could have happened, and what if anything it means going forward.