The reason large cap stocks are going up the way they are is because their small- and medium-sized competition is being systematically suffocated by lockdowns and doesn't have the same access to publicly subsidized credit to wait out the storm. The DoorDash and Amazonification of the economy is not some organic development, it is being directly fueled by the pandemic response.
The CARES Act was a joke for everyone except the large corporations to which it made $5 trillion available. A single $600 check and some meager UI for everyone else, and for small businesses, coverage for a measly 10 weeks of payroll.
The CARES Act was a joke for everyone except the large corporations to which it made $5 trillion available. A single $600 check and some meager UI for everyone else, and for small businesses, coverage for a measly 10 weeks of payroll.