Simply enumerating the crises afflicting the United States this year is an exhausting job. Consider that the country has already experienced a presidential impeachment trial, the onset of a tenacious coronavirus pandemic and a grave recession. But the numbers plainly show that the market has been traveling in rare and, in some ways, troubling territory. Recall that in the first three months of the year, as the pandemic and its economic consequences set in, stocks had a calamitous decline. Then, after the Federal Reserve announced an intervention in late March, the stock market soared even as the economy sank.

Source: New York Times June 26, 2020 12:22 UTC