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Posted on June 8, 2020

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I cannot remember a time when I’ve seen such a widespread disparity between what is happening in the economy and what is happening in the stock market.
Let’s take a moment to briefly outline the situation using hard data.
The unemployment rate soared to a post-depression high of 14.7% in April, while the survey of businesses by the U.S. Bureau of Labor Statistics revealed a loss of 20.5 million jobs in April, the worst monthly reading since records began in 1939.

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