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home / news releases / SFY - The Stock Market Is Not The Economy


SFY - The Stock Market Is Not The Economy

Stocks added to the gains of the prior week, bringing the two-week move to +16.6% in the S&P 500. As the economic data gets worse, traders get more aggressive in buying stocks. We are hearing lots of commentary about how serious the COVID-19 economic slowdown will be. The IMF’s economists released a report this past week predicting a -6% contraction in global GDP, the worst recession since the Great Depression, and worse than the Financial Crisis. The IMF’s chief economist explains this dire outlook in this video. In the U.S., the macroeconomic data is

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Stock Information

Company Name: SoFi Select 500
Stock Symbol: SFY
Market: NYSE

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