URGENT PLZ U.S. stocks have been steady for recovery since the pandemic hit in the 1st...

URGENT PLZ

U.S. stocks have been steady for recovery since the pandemic hit in the 1^st quarter as investors shrugged off the dim jobs report, again highlighting the growing rift between a rallying stock market and stumbling economy.

The broad gains were the latest head-scratching development for many market observers, who have been parsing a stream of abysmal economic data while watching the U.S. stock market stage a recovery.

That disconnect grew more stark in the 2^nd and 3^rd quarter. What is driving this gap? One common wager: Current data on the economy are terrible but are bound to improve. What else is possibly driving the gap? Provide at least two possible explanations in a paragraph of no more than three sentences.

Expert Solution

jeff jeffy answered 2 years ago

U.S. stocks have been steady for recovery since the pandemic hit in the 1st quarter as...

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