After the recent crash of the stock market with businesses closing and jobs lost, there almost seems nowhere to go but up.
In the past several weeks on the New York Stock Exchange, there hasn’t been considerable growth but there also haven’t been the massive losses seen earlier in the pandemic.
The stock market is not the economy, but it could represent the confidence investors have in getting it re-energized with stay-at-home orders being lifted.
“I would say that as you are lifting stay-at-home orders … confidence by the consumer could be part of it,” Dr. Kara Grant, an associate professor of economics at Missouri Western State University, said. “But there have also been all-time lows for the market, so it could be attributed to there is really nowhere else to go.”