Five reasons thestockmarket is soaring as the economy is floundering: from buoyant tech stocks to high earnings hopes to fear of missing out. The Nigerian stockmarket closed at the weekend on a bullish note as investors gained about N1.1 trillion Week-on-Week, W-o-W, driven largely by renewed buying interest in banking and industrial stocks. stockmarket, covid-19, indian economy. Global central banks and Governments have made it amply clear that they will use all means to keep markets stable and support growth. A lot has happened in the past 12 months. Not only does the rallydefy many tried-and-true economic indicators, it also ignores the ongoing profits slump, leading many Wall Street strategists to urge caution.Detached from economic reality. Thestockmarket and the economy are also telling two different stories, at least for now. With earnings season in full force, market choppiness is likely to continue. The Elon Musk–led Tesla released its first-quarter results on Tuesday evening after its stock price had dropped nearly 15% over the past month. Stocks To Watch |Ready, set, trade! Investors are reading thestockmarket’s breakneck bounce off the March 23 lows all wrong, says one prominent Wall Street analyst. There’s a widely held perception that the rally reflects expectations the COVID-19 pandemic will have a piercing but short effect on the economy, with growth...
