Making sense of a stock market just 16% off its high while a pandemic costs 26 million jobs [MSNBC.com]
General Motors Company (GM)
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Source: MSNBC.com
People pick up food the Food Bank at the New York City mobile food pantry on the Barclays Center plaza on April 24, 2020 in the Brooklyn, New York.Angela Weiss | AFP | Getty ImagesWhy isn't the stock market much lower?This question is occurring to plenty of observers right now, given the apparent contrast between economic realities and equity performance.A pandemic-driven economic catastrophe of unprecedented speed hascost more than 26 million jobsEven some on Wall Street are remarking on this perceived Wall Street-Main Street disconnect.Cantor Fitzgerald strategist Peter Cecchini last week argued, "The equity market just isn't getting the joke. Three factors make this rally appear somewhat ridiculous because the likely extent of the slowdown will be severe relative to historical experience for three reasons: 1) a pandemic whose duration is unknowable, 2) an oil shock whose impacts on earnings will be deflationary, and 3) an already fragile economy as indicated by an inverted yield cu
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News
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- 88-year-old Army veteran working at grocery store receives over $1.7M in donations after viral video [FOX News]FOX News
- WorkJam Launches Manufacturing Connect to Re-Engage Disconnected Frontline EmployeesPR Web
- Fox News' Trey Yingst honored with 2025 Prize of Excellence at Foreign Press Awards [FOX News]FOX News
GM
Earnings
- 10/21/25 - Beat
GM
Sec Filings
- 11/12/25 - Form 144
- 11/10/25 - Form SCHEDULE
- 10/30/25 - Form 4
- GM's page on the SEC website