US stocks tumbled on Monday as investors continued to reckon with the likelihood of a second wave of coronavirus cases.
Nearly half of the 50 US states are seeing a rebound in infections as reopenings continue. North Carolina and Texas reported record hospitalizations on Saturday, while Florida, California, and Alabama post sharp increases in daily cases. Economic data out of China signaled that, even as outbreaks are contained and consumer spending improves, the V-shaped rebound sought by investors isn't likely to materialize.
😭
Time to whip up another crisis. This ones reached it’s peak attention span.
That guy in the photo is NOT supposed to be touching his eyes due to the corona! Even the mask is not on right! FAIL!
Or could it be that there's five hundred times more testing then there was one month ago
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Dow futures sink 600 points as market pullback continues, airline and retail shares declineThe early morning trading action in futures market followed a big pullback last week. The mirage is struggling to hold its form. Print more.....issue more debt.....that will help...... Who will the Trump administration trot out today to talk up the market? Or more vaccine news? Or a new multi-trillion dollar stimulus plan? The Fed was always a destructor, the public just never knew. 98% of the country doesn’t remotely understand how the financial system works, nor any rational economics, so they actually thought this Ponzi Scheme was helping them.
Source: CNBC - 🏆 12. / 72 Read more »
Virus second-wave fears rattle markets, stocks fallFears that a second wave of COVID-19 infections is under way sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as German government debt. Quick let’s buy some negative government bonds 🤮 Are they slowly pushing out Trump, or is the virus a legitimate fear... So much fake news...who to believe? It is not a second wave, if it is a first wave interrupted only by government ordinances, limiting the movement of people. The initial rise in new cases did not lessen without government intervention.
Source: Reuters - 🏆 2. / 97 Read more »