[sudo-i]

Not sure why this is surprising as most people who are out of work don't have any equity in the stock market. I think it's more a reflection of income inequality and the concentration of capital. There is a huge disconnect indeed.

[mandelbrotwurst]

Yeah, completely agree - I was thinking about this when this rally first started after the steep drops, at which time there was a narrative on the financial news that things were less bad because there were less outflows from retail investors than in previous downturns. One commentator was arguing that this is because the public had finally learned the errors of their ways in attempting to time the market.

While I suppose it's possible that there may be some effect like this, I'm a bit suspicious of the idea that the outlook and risk tolerance of the typical retail investor could change that significantly.

It definitely left me wondering to what extent capital invested in the equity markets has continued to move away from being held by those who are likeliest to be out of work right now.