What Is The Stock Market Trying To Tell Us?
Despite turmoil in the real economy, the stock market spent months surging. That is, until recently. We speak with a Nobel laureate about what might be happening.
by Greg Rosalsky
Jun 16, 2020
4 minutes
Editor's note: This is an excerpt of Planet Money's newsletter. You can sign up here.
The United States has been grappling with a global pandemic, an economic meltdown and massive protests — and yet, until recently, the stock market basically shrugged it all off. Between March 23 and late last week, the market , erasing the drop it had seen at the start of the pandemic. That is, until last week, when apparently the market rediscovered that there's a still going on. Public health experts have been warning for months now about the dangers of reopening without a solid plan for testing
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