The List of 2020 Financial Disasters is Long

Michael Batnick: “The soaring stock market coupled with the soaring unemployment has pushed income and wealth inequality to extraordinary levels. The United States has 13 million fewer jobs than it did in February. Meanwhile, last week Jeff Bezos’s net worth eclipsed $200 billion.”

Also, “a cocktail of the quarantine, free commissions, and stocks going vertical has led to an explosion of retail trading like we haven’t seen since 1999.”