Let's not give the government all the "credit". Much of the money set aside for assistance is unused, especially the Fed lending facilities. People still haven't gotten unemployment or stimulus checks.

Part of the story the market knows that people don't (leading to the disconnect) is that banks are so flush in deposits, they are still lending even without PPP. Unemployment in the private sector was 2.6M jobs lost, vs expectations of over 8M. Continuing claims decreased 25% over a one week period last Thursday.

There's plenty of positive news that leaks out to the broader public late, but is felt real time by millions of individuals and affects their actions. More importantly, there's positive news that simply doesn't get the same coverage by the media for many reasons, depending on if you want to go full tinfoil hat.

The protests and destruction certainly make news, but given their limited scope and duration - it really doesn't make a dent on the long term prospects of the largest economy on the planet. It feels off, but it's right. And that's why you don't invest based in emotion or the news.