Boeing, expecting a long slump, will cut 16k jobs
Can someone help me understand why the broader stock market is actually up compared to six months ago despite all these dire numbers being thrown around? Heck, Boeing stock is up today!The economy looked very rosy in October 2019 and NASDAQ was near 8300. Now it's 8900 even when millions are unemployed and even millions more furloughed.Should the stock market simply be seen as an isolated, self-contained entity with no real correlation to the broader economy?