First published by Money Metals here:
https://www.moneymetals.com/news/2020/05/28/dow-jones-index-totally-disconnects-from-the-employment-data-002043
It’s no surprise to most investors that the Fed is propping up the stock market. However, if we compare the Dow Jones Index versus the continued unemployment claims, something seriously wrong is going on. According to the St. Louis Federal Reserve, continued unemployment claims are nearly four times higher than the peak reached in June 2009.
