I agree. This 100K or whatever the precise number are still unemployed, just aren't collecting the standard unemployment anymore. If one looks at the numbers collecting the extended unemployment Govt added, it went up by these type of numbers. US is in for more suffering. The stock market is totally out of wack.
however, people like you and me can not play the market with logic, just need to be on the right side of the trade, even when it defies logic.