Long before Wikipedia, the global stock markets embodied what is now called “the wisdom of the crowds.” Markets are vast storehouses of data, analytics, algorithms and predictions of the near-term future. That is not to say the global stock market is a perfect predictor. Think of it this way: global stock markets and investors command more computing power, better software, faster networks, and the intense focus of tens of millions of individuals betting their own money. The global stock markets—around $60 trillion in size as of April 1—respond daily to news about Covid-19 whether awful or promising. Now let’s look at the U.S. stock markets.

Source: Forbes May 04, 2020 00:00 UTC