...instances of high unemployment rates tend to be followed by several months of rising stock prices. This does not make sense in conventional economic terms. After all, higher unemployment means weaker GDP, and lower company earnings, the latter being what is supposedly the most important factor for stock prices.
But high unemployment also tends to bring a much more accommodative Federal reserve. When the Covid Crash unfolded, the Fed dropped its Fed Funds target rate down all the way to 0-0.25%. The Fed also ramped up QE4 at the fastest rate of QE that it has ever engaged in. This has been tremendously stimulative to the stock market’s rebound, and the Fed is not likely to back away from this stimulus until it is clear to the decision makers that the economy and unemployment have turned a corner. In the meantime, those stimulative efforts will continue to help boost stock prices higher.

[S]ome companies have elected to pay managers’ bonuses, or to raise their base salaries, before filing bankruptcy. Those payments can be made with limited oversight, as they are not subject to bankruptcy court approval. However, if a bankruptcy filing becomes necessary, those payments will receive close scrutiny from the company’s creditors and a bankruptcy court. As a legal matter, payments made to corporate insiders within one year of a bankruptcy filing may be clawed-back into the bankruptcy estate.

Do you folks think this is a new fierce-bull market rally or just a W recovery in hiding, will DOWS JONES reach 15k by end of summer, or 26.3k???

These funds seek capital appreciation by investing in a variety of asset classes including equities and bonds from emerging and developed markets across the globe.

@Starchild,
do you mask?
you do know that vaccination is also for protection of all us others here, right?
maybe you don't realize that, actually.
I guess you must not know people who must live or move in close numbers either.
https://newrepublic.com/article/157773/pandemic-driving-conservative-intellectuals-mad

Those are not global allocation funds, but instead standard global growth funds.

I don't think most people comprehend what we are up against.
1) How bad Covid can get. All these statements about "it only affects old people" ignore the fact that for example, here in CT the urban and suburban hospitals have been decimated. Not that there are refrigerated trucks like in NYC but the hospitals are almost completely full of Covid. 50% of the ICU beds are under 65. The only reason Yale New Haven Hospital was not overwhelmed was the social distancing and canceling of almost all other patient care. They are only now after three months tentatively restarting some elective surgeries, but only major ones.
Why won't Covid do to the poorer neighborhoods of San Antonio and Austin what it did here for example, if people don't take extreme precautions? And when it hits, most of the folks i these southern states have far higher risk factors for critical disease (especially obesity) than the NE, and they do not have insurance.
2) the pathetic federal response and the inhumane lack of leadership and even basic human decency from our commander in chief has forced states to do it on their own, perhaps permanently impairing the testing and contact tracing that other countries have used to open up somewhat safely. When the second wave hits, states with governors who lean to the "this is a hoax" ( ie Texas Georgia Florida Alabama) will have no position to reverse course without admitting they made a horrible mistake.
Until there is an effective vaccine that has been administered to 50% of the population I fear we are in for a rough ride