美国疫情严重时，还到处暴乱打砸烧，为什么当时道琼斯指数却不跌反涨？

Group 1 - The core viewpoint is that the recent rebound in the US stock market indicates a disconnection between market bottom and valuation bottom, signaling the end of panic-driven volatility [1] - After a panic-driven decline, the bubble in the US stock market has been largely deflated, bringing it closer to its true valuation, with the market previously dropping below 18,000 points and bubbles estimated to be over 35% at peak [1] - As long as the economic fundamentals do not suffer severe shocks, a rebound in the US stock market is highly likely [1] Group 2 - The Federal Reserve's extensive stimulus plans have contributed to the rebound in the US stock market, with interest rates lowered to 0 and a $700 billion quantitative easing program initiated [3] - Although the loose monetary policy has had little impact on the economy in the face of the pandemic, the release of liquidity has clearly aided the stock market's recovery [3] - The bottom of the capital market and the valuation bottom do not necessarily align, making the rebound in the US stock market under strong stimulus measures a normal occurrence, though there remains a risk of continued volatility due to potential economic downturns [3]