The market is going up, and this time it accurately reflects numbers. Unemployment numbers went down by 13% last week! 13 may not seem like a big number, but remember that’s millions of people. But as we approach Q2 earnings season keep this in mind. Q2 is the only quarter where companies have financial numbers where corona virus was in full effect. About half of Q1 companies experienced corona virus hardships, and numbers were still bad. These coming numbers could look awful. But remember if unemployment keeps decreasing, the virus is kept at bay, and hopes are high, the numbers may not tell the full story. So if a stock drops after bad earnings reports it could be a buying opportunity.
– TJ Brescia