Welcome to the Jill on Money Coronavirus Market Update. It is Tuesday, June 9th. We are

recording on Monday, however, and we want to remind you that this is a show that is trying to help you navigate the financial fallout from the pandemic.

We've had a whole weekend to chew on the unemployment data,

it's all over the place, and we also have had maybe the weekend to realize

that markets, meaning stocks specifically, have really done an incredible job of recovering

where they were. We hit this bare market low on March 23rd I would point out to everybody that they should

read friend of the pod Jason's Wiggs article about this the headline in the article

this bull market isn't as big as you think is just great.

Essentially what he is saying is that beneath the surface a lot of stocks are down. He says, quote, most

stocks are down this year many by 20% or more. A few fortunate winners have

generated big games and he says this is fueling a

misperception that losses have been minimal and what he believes is that a lot of

the pain is underneath this index.

Check this out, Mark, I love this that he pulled the stat.

Of the 3,470 stocks that are in the Wilshire 5000 index.

Okay, so that's Wilshire 5,000, a broader index.

And he looked at the trading between the end of last year

and June 2nd. you ready for this?

73%, almost three quarters had negative returns year to date.

Okay, so before you go crazy and say,

woohoo, all's done, it's not necessarily all done, and it may call into question just how sustainable the rally is or not. I'm just saying, I'm putting it out there. Go read Jason Zweig's article.

Okay, let's get to your questions. Let's start with Thomas who says thank you in advance. I love your

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