Why is the stock market so optimistic? 5 major reasons to support a correction

[dreamshake]

1) Unprecedented 40 million plus unemployed Americans (25%+)
2) No coronavirus vaccine
3) No end in sight to police brutality/racism riots, protests and civil unrest. More business getting looted and destroyed everyday.
4) US and China trade tension and possible trade war. China halted their agreed upon purchases of US goods in retaliation of US criticism towards China of the coronavirus origination.
5) Consumer spending is way down.

Yet we’re only 9% off the all time high for the S&P 500. The first problem will take many years to fix. The second one is not even guaranteed. The third problem seems like it will be a recurring issue in the future. And the fourth problem has reared its ugly head again. So why is the stock market so optimistic? Do you think it should be where it’s at? Or is another realistic correction coming soon?

[FreezingTsmoove]

People are buying stocks with their unemployment checks. These people are receiving payments 50%-150% higher than what their original checks would have looked like. The real market will show when Americans stop getting unemployment checks after July. The money hasnt dried up and is coming in consistently so there is no reason for the average American to sell their stocks off

[dreamshake]

People are buying stocks with their unemployment checks. These people are receiving payments 50%-150% higher than what their original checks would have looked like. The real market will show when Americans stop getting unemployment checks after July. The money hasnt dried up and is coming in consistently so there is no reason for the average American to sell their stocks off

They’ll still be getting checks just about half as much. But I see what you’re saying.