Archive for May 2020

It is commonly assumed that the stock market follows economic performance. In these abnormal times, such is not the case. While the month of April showed a global shutdown of businesses, rampant unemployment and low economic growth, the S&P 500 Index ended the month up by 12.9%, representing the highest one-month gain since 1987 and posting the fastest recovery of the fastest bear-market decline in 90 years, according to Investing Daily…