Why did the US stock market indexes rally despite another enormous (now 3 weeks in a row) jobless claims number? US weekly jobless claims jump by 6.6 million and we’ve now lost 10% of workforce in three weeks https://www.cnbc.com/2020/04/09/weekly-jobless-claims-report.html Because the Fed's balance sheet is set to expand even further after they committed today to buying up hundreds of billions of dollars worth of junk bonds and junk bond ETFs! Articles on the Fed's Big Announcement Today: 1) Federal Reserve unveils details of $2.3 trillion in programs to help support the economy https://www.cnbc.com/2020/04/09/federal-reserve-unveils-details-of-its-much-anticipated-main-street-lending-program.html 2) Fed unveils $2.3 trillion in new loans to support US economy amid coronavirus crisis https://nypost.com/2020/04/09/fed-unveils-2-3t-coronavirus-relief-programs-to-support-economy 3) Free Markets Are Dead: Fed To Start Buying Junk Bonds, High Yield ETFs https://www.zerohedge.com/markets/free-markets-are-dead-fed-start-buying-junk-bonds-junk-etfs 4) The Day The Fed Nationalized The Bond Market: The Complete Summary Of Everything The Fed Did Today https://www.zerohedge.com/markets/day-fed-nationalized-bond-market-complete-summary-everything-fed-did-today In spite of this, the Dollar Index hardly budged! Kudlow Says Government May Take Equity Stakes for Company Aid https://finance.yahoo.com/news/kudlow-says-government-may-equity-203059071.html Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 75 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**