THREAD: Fueled by big box stores raking in profits, the S&P 500 has closed setting a new record high.

The previous high was in February, before the US experienced any economic impact from COVID.

At these market levels, all COVID market losses have been erased.
Beyond the success of certain industries that have benefited during Covid, many gains are due to action taken by the Fed: low rates make stocks the most attractive asset, extremely cheap borrowing costs & the Fed buying up huge amounts of paper/backing businesses in trouble.
Meanwhile, 30,000 small businesses have closed & 30 million+ Americans remain out of work.
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