Perritt Capital 2Q20 Commentary: Wall Street and Main Street Get a Divorce

Perritt Capital Management commentary for the second quarter ended Junee 2020, titled, “Wall Street and Main Street Get a Divorce.” Q2 2020 hedge fund letters, conferences and more Wall Street and Main Street have gotten a divorce, or at the very least they have separated. The U.S. is in a recession but the stock market marches blindly higher. In most people’s lives we have never seen such a confluence of dangers: Depression levels of unemployment, the economy in a downward spiral, prevalent rioting and unrest, and an imminent second wave of the virus. Yet the stock market continued upward and…