Meant to comment yesterday, but life got in the way, but I'm astounded by the resiliency of the market right now. GDP was down over 32%. That's a simply incredible number. There were another 1.4 million unemployed. Something like 30 million people may be collecting unemployment benefits right now (And the real number of unemployed/underemployed may well be 20%). The extra $600 benefit is set to end with no quick resolution in sight (although I do believe something will be hammered out sooner rather than later).
And the Dow dips less than 1%, and the NASDAQ goes up. That just blows my mind.
Earnings after hours were the expected blowouts. And with Apple announcing the 4/1 split, this will just drive the price higher as this is generally perceived as positive news.
Imagine what will happen if a covid vaccine is announced with efficacy going into production by year end.