Welcome to the Jill on Money Coronavirus Market update. It is Friday, June 12th, and I know you're looking forward to your weekend.

I get a quick catch up on what's going on in the world.

We got some new data from the Labor Department

an additional one and a half million people filed for unemployment benefits last week.

So the good news, we have 10 straight weeks where weekly claims actually started to drop a bit.

But this is still a remarkably high level, and there are about 21 million Americans collecting unemployment insurance right now.

So that is a humongo number. Also a little selling

in the stock market finally. I don't know. Mark and I were just talking about

this like really no one knows why.

I look at the Wall Street Journal it says US stocks fall as investor jitters grow.

Really? Now? You mean after they pushed up stocks 45% from the lows since investors pushed the NASDAQ to all-time

highs, I don't buy it. I think this is just plain and clear profit-taking. There really is no big deal here. There's no new information. Let's not try to fool ourselves.

And whether or not companies will be able to make money going forward.

We have yet to determine that fact,

so we don't know where stocks are going next.

Nobody knows.

Oh, and by the way, Mark, I love this.

Here's something.

I cut this out today. know I still get my my physical

papers listen to this headline I love this so much ready most US large-cap

stock-picking funds underperformed the benchmark S&P 500 during the tumultuous early months of

2020. That's

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