Somewhat troubling (but not unexpected) signs recently on layoffs.
- Coca-Cola -- 4,000 (but at least they are buyouts)
- MGM -- 18,000
- AA -- 19,000 furloughs/layoffs
- Salesforce - 1,000 to 2,000
It's just weird how resilient the stock market is. But Tech is leading the gains and that makes some sense.