WALL STREET WOULD HAVE YOU BELIEVE IT IS ‘SAFE’ TO GO BACK IN THE WATER – CORONAVIRUS DOESN’T MATTER $DIA $DJIA $SPX $SPY $AMZN $AAPL $AMZN $AMD $TSLA
What are the effects of the coronavirus on life in the U.S.? Lost lives, lost jobs, trauma, shutdowns and trillions in borrowing and money printing. What does Wall Street say? The coronavirus doesn’t matter to the stock market. Wall Street wants you to believe it’s safe to buy. What happened to prudence for investors in the stock market? Let’s explore with the help of two charts Two charts Please click here for an annotated chart of the SPDR Dow Jones Industrial Average ETF DIA. Please click here for an annotated chart of SPDR S&P 500 ETF SPY. Note the following: • The first is a monthly chart