A record 3.28 million Americans filed for unemployment benefits last week as the coronavirus pandemic shut down much of the country. The Labor Department's report for the week ended March 21 was one of the first official indicators of how many people have suddenly been forced out of work nationally. So why did the stock market push up today after this bad news, a lot of it has to do with expectation and how the stock market already anticipated this!
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By Stock Chat

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24 thoughts on “explained why did high unemployment help the stock market?”
  1. Avataaar/Circle Created with python_avatars Patrick Pellegrino says:

    Step 1: get unemployment extended CARES ACT benefits throughout all of covid crisis (March-July)
    Step 2:: get stimulus check "invest in BTC "
    Step 3: Pile into stock market not knowing what your are doing and all of a sudden become a day trader "investor"

    There are millions in the US literally doing this and have sat home since the start of this being very quiet for over 4 months and "looked for work" while collecting +/- $20-25k cumulative over the course of Q1-Q2. All they need to do is put it into a long term fund then can retire and be financially independent and retire as the market recovers over the coming decades.

    These people are the scum of the earth

  2. Avataaar/Circle Created with python_avatars My2Drumsticks says:

    When you guess ,then speculate , then guess about your speculation your livelihood is based on living in the matrix and not the real world. This guy shows no empathy for the people who lost their income. Just keep pushing buttons, the matrix calls.

  3. Avataaar/Circle Created with python_avatars John Klassen says:

    I’m thinking of joining your monthly subscription

    What does someone get joining

  4. Avataaar/Circle Created with python_avatars Jose Reyes says:

    Ricky… This. This is why you're the best stock Youtuber out. I appreciate how unbiased you try to be

  5. Avataaar/Circle Created with python_avatars SnoBeatz says:

    I’m also thinking that. Thank you I’m not the only one

  6. Avataaar/Circle Created with python_avatars Charles Ovatar says:

    Can ROKU go up some more to 120? . With all these people living quarantined it should go up right?

  7. Avataaar/Circle Created with python_avatars Sarkis C says:

    Totally agree about the market condition and all that.

  8. Avataaar/Circle Created with python_avatars Jovan Rodriguez says:

    How long did it take for you to get your muscle gains?

  9. Avataaar/Circle Created with python_avatars Emilio D'Amelio says:

    Ricky coming through with that knowledge. I know unemployment rate is going to go up a lot of the trades are just getting there 2 week notice next week.

  10. Avataaar/Circle Created with python_avatars Emilio D'Amelio says:

    Ricky coming through with that knowledge. I know unemployment rate is going to go up a lot of the trades are just getting there 2 week notice next week.

  11. Avataaar/Circle Created with python_avatars Juan Moreno says:

    The FED is buying stocks..that's your momentum.

  12. Avataaar/Circle Created with python_avatars johnny monderen says:

    Will you just be live here on YouTube? Or IG? Will we get an invite?

  13. Avataaar/Circle Created with python_avatars First name says:

    This is how the big boys suck people in and minimise their loses from last few weeks. Been warned seen it before just not as aggressive

  14. Avataaar/Circle Created with python_avatars roblox and more says:

    Market is climbing because of the Federal Reserve buying up everything like the top bankers did back in 1929. Same thing, using other peoples money to try to prop up the economy in hopes that others will follow suit.

  15. Avataaar/Circle Created with python_avatars Krish Patel says:

    I personally say almost all news has been placed in the market now it’s just how bad this corona wants to get, if we begin to peak in cases I see the market recovering but who knows

  16. Avataaar/Circle Created with python_avatars San Diego Tropical Garden says:

    WOW!! OVER 1K LIKES NOW = FREE LIVE TRADING STREAM TOMORROW !!! YES !!!!👍

  17. Avataaar/Circle Created with python_avatars Antonio S says:

    The current unemployment numbers are a short term problem. Things will be back to normal come June/July or at least begin to normalize.

  18. Avataaar/Circle Created with python_avatars Ellie says:

    What do you think about BA stock?

  19. Avataaar/Circle Created with python_avatars TheShadowGamer TSG says:

    Why when I sell I can use the money immediately??? It shows up in my available money and buying power but I cant spend it as it gets rejected, someone please help I dont know what to do.

  20. Avataaar/Circle Created with python_avatars A-Train Travels says:

    Great video Ricky!

  21. Avataaar/Circle Created with python_avatars punk3rz says:

    Would you cut your losses tonight if you were in 300 shares of SQQQ or hold til morning? I can't believe that $SPY stayed up… Lost $1200 yesterday because $SPY sold off last minute when I could've made $3000 if I held 10 more minutes. Normally don't trade on emotion but I'm having a hard time believing it will stay up…

  22. Avataaar/Circle Created with python_avatars The RD Guarantee says:

    I would not be surprised either if the market pulls back a little bit. Its been 3x days of straight rising. Friday might be a bit in the red especially with the virus spreading so rapidly.

  23. Avataaar/Circle Created with python_avatars San Diego Tropical Garden says:

    I like to see free live trading stream, that would be awesome!!!

  24. Avataaar/Circle Created with python_avatars Ricky Gutierrez says:

    The data shouldn’t come as a surprise, analysts say, because investors were already anticipating a significant rise in jobless claims in the near term. Once there is a decline in the number of new infections from the virus, investors anticipate the markets can find a bottom. – USA TODAY

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