The coronavirus pandemic has shown just how deeply rooted inequality is in the United States. While tens of millions of Americans have lost their jobs, billionaires in the United States have increased their wealth by a staggering $685 billion since mid-March.
Currently, the main efforts of Congress and the Federal Reserve to deal with the economic meltdown caused by Covid-19 have been centered on injecting massive amounts of money into the economy, which has led to sharp rebounds in the financial markets. As a result, those with assets such as stocks and bonds have been the main beneficiaries of the government's largesse. This means that the wealth gap in the US has actually gotten worse since the pandemic's onset! Basically, this has occurred because the vast majority of the equities owned by US households are held by those at the top, while those at the lower levels have virtually no financial assets at all.
The coronavirus pandemic has shown just how deeply rooted inequality is in the United States. While tens of millions of Americans have lost their jobs, billionaires in the United States have increased their wealth by a staggering $685 billion since mid-March.
Currently, the main efforts of Congress and the Federal Reserve to deal with the economic meltdown caused by Covid-19 have been centered on injecting massive amounts of money into the economy, which has led to sharp rebounds in the financial markets. As a result, those with assets such as stocks and bonds have been the main beneficiaries of the government's largesse. This means that the wealth gap in the US has actually gotten worse since the pandemic's onset! Basically, this has occurred because the vast majority of the equities owned by US households are held by those at the top, while those at the lower levels have virtually no financial assets at all.
(CNN Business) The world's top developed economies are all officially in a recession. What happens next is far from certain. On Friday, Canada joined France, Germany, Italy, Japan, the United Kingdom and the United States in reporting that its economy shrank dramatically in the first half of 2020 due to the pandemic. Canadian economic output shrank by 11.5% between April and June, the sharpest decline in records dating back to 1961.
Now, six months after the coronavirus outbreak began to accelerate rapidly outside China, it's increasingly clear that countries will not bounce back in tandem. The impact of the virus, public health policy and stimulus measures are creating divergent paths forward, with ramifications that could last years.
The United Kingdom has fared the worst of any of its big global peers, with its economy shrinking by more than a fifth between April and June.
0
Worst Recession on Record
(CNN Business) The world's top developed economies are all officially in a recession. What happens next is far from certain. On Friday, Canada joined France, Germany, Italy, Japan, the United Kingdom and the United States in reporting that its economy shrank dramatically in the first half of 2020 due to the pandemic. Canadian economic output shrank by 11.5% between April and June, the sharpest decline in records dating back to 1961.
Now, six months after the coronavirus outbreak began to accelerate rapidly outside China, it's increasingly clear that countries will not bounce back in tandem. The impact of the virus, public health policy and stimulus measures are creating divergent paths forward, with ramifications that could last years.
The United Kingdom has fared the worst of any of its big global peers, with its economy shrinking by more than a fifth between April and June.
MGM Resorts is reportedly laying off 18,000 workers
CNN Business, Fri August 28, 2020
MGM Resorts is reportedly laying off 18,000 employees in response to coronavirus spreading across the United States and causing a near-total travel shutdown. The layoffs are effective beginning Monday and represent 25%of its 70,000-strong workforce. According to a letter from CEO Bill Hornbuckle obtained by The Wall Street Journal, the affected employees could be rehired if travel demand returns. They will also retain their health benefits but only until the end of September.
To put it simply, Las Vegas has been crushed by the coronavirus. The number of visitors declined 61% in July from a year ago, and its convention attendance fell to zero, according to the Las Vegas Convention and Visitors Authority.
Resorts have been reopening slowly since they were given the greenlight in June, but visitors don't have a ton of options to entertain themselves with because of the lack of shows, concerts and sporting events. MGM Resorts and its competitors also make a lot of money from conferences in Las Vegas, but hose have been put on hold because of local restrictions on large gatherings of people that would cause Covid-19 to spread.
0
MGM Resorts is reportedly laying off 18,000 workers
CNN Business, Fri August 28, 2020
MGM Resorts is reportedly laying off 18,000 employees in response to coronavirus spreading across the United States and causing a near-total travel shutdown. The layoffs are effective beginning Monday and represent 25%of its 70,000-strong workforce. According to a letter from CEO Bill Hornbuckle obtained by The Wall Street Journal, the affected employees could be rehired if travel demand returns. They will also retain their health benefits but only until the end of September.
To put it simply, Las Vegas has been crushed by the coronavirus. The number of visitors declined 61% in July from a year ago, and its convention attendance fell to zero, according to the Las Vegas Convention and Visitors Authority.
Resorts have been reopening slowly since they were given the greenlight in June, but visitors don't have a ton of options to entertain themselves with because of the lack of shows, concerts and sporting events. MGM Resorts and its competitors also make a lot of money from conferences in Las Vegas, but hose have been put on hold because of local restrictions on large gatherings of people that would cause Covid-19 to spread.
Hawaii tourist arrivals fall nearly 100% in July, state report says
USA Today
Tourist arrivals in Hawaii declined by almost 98% in July compared to a year ago, according to a report released Thursday by state officials.
The Hawaii Tourism Authority said a total of 22,562 people traveled to the state in July by air. That number was 995,210 in 2019.
Most of the visitors in July traveled from the U.S. mainland, with only about 2,000 international travelers. The total number of arrivals for the first seven months of 2020 droppednearly 65%.
==
trump LOSES Speech Ratings comparison to Joe Biden!!!
0
Hawaii tourist arrivals fall nearly 100% in July, state report says
USA Today
Tourist arrivals in Hawaii declined by almost 98% in July compared to a year ago, according to a report released Thursday by state officials.
The Hawaii Tourism Authority said a total of 22,562 people traveled to the state in July by air. That number was 995,210 in 2019.
Most of the visitors in July traveled from the U.S. mainland, with only about 2,000 international travelers. The total number of arrivals for the first seven months of 2020 droppednearly 65%.
==
trump LOSES Speech Ratings comparison to Joe Biden!!!
Biden hands trump a beatdown in convention speech ratings
CNN Biden's campaign celebrated the overnight ratings win -- and embraced it as a potential way to get under Trump's skin.
The president's ratings obsession is well-documented. He has tweeted about ratings hundreds of times, often inaccurately. He raised the subject as recently as Friday morning, when he tweeted, "Great Ratings & Reviews Last Night. Thank you!" He did not share any immediate reaction when the initial viewership figures showed him trailing Biden.
9
Biden hands trump a beatdown in convention speech ratings
CNN Biden's campaign celebrated the overnight ratings win -- and embraced it as a potential way to get under Trump's skin.
The president's ratings obsession is well-documented. He has tweeted about ratings hundreds of times, often inaccurately. He raised the subject as recently as Friday morning, when he tweeted, "Great Ratings & Reviews Last Night. Thank you!" He did not share any immediate reaction when the initial viewership figures showed him trailing Biden.
The US is adding back jobs. But the recovery could take years
By Julia Horowitz, CNN Business
London (CNN Business) Economists are worried that the tepid recovery in the US job market could run out of steam this fall should coronavirus cases surge again just as federal stimulus money runs out. What's happening: The US government is expected to report Friday that just under 1.4 million jobs were added in August. That would bring the total number of recovered jobs up to roughly 10.8 million. This would account for just half of what was shed in March and April.
Airlines and hospitality sectors are in particular crisis.
0
The US is adding back jobs. But the recovery could take years
By Julia Horowitz, CNN Business
London (CNN Business) Economists are worried that the tepid recovery in the US job market could run out of steam this fall should coronavirus cases surge again just as federal stimulus money runs out. What's happening: The US government is expected to report Friday that just under 1.4 million jobs were added in August. That would bring the total number of recovered jobs up to roughly 10.8 million. This would account for just half of what was shed in March and April.
Airlines and hospitality sectors are in particular crisis.
Biden hands trump a beatdown in convention speech ratings
trump's pledge to 'create 10 million jobs in 10 months' is completely misleading
New York (CNN Business) President Trump pledged to create 10 million jobs in less than a year. That's a great goal, but with Covid-19 still not under control and the unpredictable path of the economic recovery, these job gains might be hard to come by.
"We will create 10 million jobs in the next 10 months," Trump said during his speech at the Republican National Convention.
It's important to note these are unlikely to be NEW jobs. Most jobs that will appear over the next year will just replace those that were lost since Covid-19 hit the United States.
More than 22 million jobs vanished this spring as a result of the pandemic lockdown, the worst job loss on record, and the unemployment rate peaked at 14.7% in April.
The economy has since slowly added back more than 9 million jobs.
It's also notable that even with Trump's promised 10 million created jobs, the US economy would still have nearly 3 million FEWER positions than it had in February!
Source: https://tinyurl.com/y4e2bo3m
6
Quote Originally Posted by fubah2:
Biden hands trump a beatdown in convention speech ratings
trump's pledge to 'create 10 million jobs in 10 months' is completely misleading
New York (CNN Business) President Trump pledged to create 10 million jobs in less than a year. That's a great goal, but with Covid-19 still not under control and the unpredictable path of the economic recovery, these job gains might be hard to come by.
"We will create 10 million jobs in the next 10 months," Trump said during his speech at the Republican National Convention.
It's important to note these are unlikely to be NEW jobs. Most jobs that will appear over the next year will just replace those that were lost since Covid-19 hit the United States.
More than 22 million jobs vanished this spring as a result of the pandemic lockdown, the worst job loss on record, and the unemployment rate peaked at 14.7% in April.
The economy has since slowly added back more than 9 million jobs.
It's also notable that even with Trump's promised 10 million created jobs, the US economy would still have nearly 3 million FEWER positions than it had in February!
Biden hands trump a beatdown in convention speech ratings CNNBiden's campaign celebrated the overnight ratings win -- and embraced it as a potential way to get under Trump's skin. The president's ratings obsession is well-documented. He has tweeted about ratings hundreds of times, often inaccurately. He raised the subject as recently as Friday morning, when he tweeted, "Great Ratings & Reviews Last Night. Thank you!"He did not share any immediate reaction when the initial viewership figures showed him trailing Biden.
trump = loser
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
1
Quote Originally Posted by fubah2:
Biden hands trump a beatdown in convention speech ratings CNNBiden's campaign celebrated the overnight ratings win -- and embraced it as a potential way to get under Trump's skin. The president's ratings obsession is well-documented. He has tweeted about ratings hundreds of times, often inaccurately. He raised the subject as recently as Friday morning, when he tweeted, "Great Ratings & Reviews Last Night. Thank you!"He did not share any immediate reaction when the initial viewership figures showed him trailing Biden.
Trump's Republican National Convention was a ratings flop
President Donald Trump never ceases to be status-obsessed and often tweets that his foes and adversaries fall short when it comes to ratings, crowd size and other things he uses to measure worth.
The final night of the 2020 RNC, according to Los Angeles Times reporter Stephen Battaglio, had "an average audience of 21.6 million viewers" — whereas former Vice President Joe Biden's acceptance speech at the DNC attracted 24.6 million viewers.
Mike Pence's speech attracted "an estimated 17.3 million viewers," while Democrat Kamala Harris attracted 22.8 million.
Source: https://tinyurl.com/yyxh8h6v
5
Trump's Republican National Convention was a ratings flop
President Donald Trump never ceases to be status-obsessed and often tweets that his foes and adversaries fall short when it comes to ratings, crowd size and other things he uses to measure worth.
The final night of the 2020 RNC, according to Los Angeles Times reporter Stephen Battaglio, had "an average audience of 21.6 million viewers" — whereas former Vice President Joe Biden's acceptance speech at the DNC attracted 24.6 million viewers.
Mike Pence's speech attracted "an estimated 17.3 million viewers," while Democrat Kamala Harris attracted 22.8 million.
sends thousands of PPP loans to small businesses that should not have received them
USA TODAY WASHINGTON – Thousands of Paycheck Protection Program loans meant for small businesses bludgeoned by the coronavirus pandemic were awarded improperly to firms that already had received a PPP loan or were barred from doing business with the federal government, a House oversight committee concluded in a report released Tuesday.
The report from the Select Subcommittee on the Coronavirus Crisis examined the Trump administration's dissemination of more than 5.2 million PPP loans totaling $525 billion since April.
** Some 10,000 loans totaling more than $1 billion went to companies that received more than one PPP loan, a violation of the program. ** More than 600 loans totaling about $96 million were given to firms that have been excluded from doing business with the government because they've been "debarred or suspended" from receiving federal contracts.
5
trump admin
sends thousands of PPP loans to small businesses that should not have received them
USA TODAY WASHINGTON – Thousands of Paycheck Protection Program loans meant for small businesses bludgeoned by the coronavirus pandemic were awarded improperly to firms that already had received a PPP loan or were barred from doing business with the federal government, a House oversight committee concluded in a report released Tuesday.
The report from the Select Subcommittee on the Coronavirus Crisis examined the Trump administration's dissemination of more than 5.2 million PPP loans totaling $525 billion since April.
** Some 10,000 loans totaling more than $1 billion went to companies that received more than one PPP loan, a violation of the program. ** More than 600 loans totaling about $96 million were given to firms that have been excluded from doing business with the government because they've been "debarred or suspended" from receiving federal contracts.
As election looms, Russian trolls are targeting Americans ...... again
Tue September 1, 2020
People associated with the infamous St. Petersburg troll group that was part of Russia's attempt to interfere in the 2016 US presidential election are trying to target Americans again, Facebook (FB) announced Tuesday after receiving a tip from the FBI.
This is the first publicly available evidence that people connected to the Russian troll group, which is known as the Internet Research Agency (IRA), are attempting to meddle with the 2020 election and stir discord.
"This looks like an early-stage attempt to target left-wing audiences on a range of issues," Ben Nimmo, head of investigations at Graphika, a social media analytics company commissioned by Facebook to study the influence operation. "The [US] election wasn't the only focus," he said, noting that the content had gained little traction online, "but it looks like the operation wanted to divide Democratic voters, the same way the IRA tried in 2016."
3
As election looms, Russian trolls are targeting Americans ...... again
Tue September 1, 2020
People associated with the infamous St. Petersburg troll group that was part of Russia's attempt to interfere in the 2016 US presidential election are trying to target Americans again, Facebook (FB) announced Tuesday after receiving a tip from the FBI.
This is the first publicly available evidence that people connected to the Russian troll group, which is known as the Internet Research Agency (IRA), are attempting to meddle with the 2020 election and stir discord.
"This looks like an early-stage attempt to target left-wing audiences on a range of issues," Ben Nimmo, head of investigations at Graphika, a social media analytics company commissioned by Facebook to study the influence operation. "The [US] election wasn't the only focus," he said, noting that the content had gained little traction online, "but it looks like the operation wanted to divide Democratic voters, the same way the IRA tried in 2016."
New York (CNN Business)The US airline industry needs to shrink its labor costs by as much as 50% to survive -- and even then it's possible some carriers don't make it through the crisis, United Airlines Executive Chairman Oscar Munoz.
"The stark reality of what we're facing is dire," Munoz said in an exclusive interview. Munoz, estimates the collapse of air travel during the pandemic will force airlines to slash their payroll costs by a staggering 30% to 50%. That translates to tens of thousands of lost jobs.
Last week, American Airlines (AAL) said it will lay off or involuntarily furlough 19,000 workers as of October 1. In July, United Airlines warned that 36,000 employees could be furloughed this fall. https://tinyurl.com/y3dvveos
0
New York (CNN Business)The US airline industry needs to shrink its labor costs by as much as 50% to survive -- and even then it's possible some carriers don't make it through the crisis, United Airlines Executive Chairman Oscar Munoz.
"The stark reality of what we're facing is dire," Munoz said in an exclusive interview. Munoz, estimates the collapse of air travel during the pandemic will force airlines to slash their payroll costs by a staggering 30% to 50%. That translates to tens of thousands of lost jobs.
Last week, American Airlines (AAL) said it will lay off or involuntarily furlough 19,000 workers as of October 1. In July, United Airlines warned that 36,000 employees could be furloughed this fall. https://tinyurl.com/y3dvveos
As election looms,Russian trolls are targetingAmericans ...... again Tue September 1, 2020 People associated with the infamous St. Petersburg troll group that was part ofRussia's attempt to interfere in the 2016 US presidential election are trying totarget Americans again, Facebook (FB) announced Tuesday after receivinga tip from the FBI. This is the first publicly available evidence that people connected to theRussian troll group, which is known as the Internet Research Agency (IRA),are attempting to meddle with the 2020 election and stir discord. "This looks like an early-stage attempt to target left-wing audiences on arange of issues," Ben Nimmo, head of investigations at Graphika, a socialmedia analytics company commissioned by Facebook to study the influenceoperation."The [US] election wasn't the only focus," he said, noting that the contenthad gained little traction online, "but it looks like the operation wanted todivide Democratic voters, the same way the IRA tried in 2016."
oh those bleepin russkies . trying to help trump again
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
0
Quote Originally Posted by fubah2:
As election looms,Russian trolls are targetingAmericans ...... again Tue September 1, 2020 People associated with the infamous St. Petersburg troll group that was part ofRussia's attempt to interfere in the 2016 US presidential election are trying totarget Americans again, Facebook (FB) announced Tuesday after receivinga tip from the FBI. This is the first publicly available evidence that people connected to theRussian troll group, which is known as the Internet Research Agency (IRA),are attempting to meddle with the 2020 election and stir discord. "This looks like an early-stage attempt to target left-wing audiences on arange of issues," Ben Nimmo, head of investigations at Graphika, a socialmedia analytics company commissioned by Facebook to study the influenceoperation."The [US] election wasn't the only focus," he said, noting that the contenthad gained little traction online, "but it looks like the operation wanted todivide Democratic voters, the same way the IRA tried in 2016."
oh those bleepin russkies . trying to help trump again
Four countries - located in very close proximity to CHINA ! - who each got their first case of covid about the same day as USA.
Here's how each government responded:
Taiwan death toll = 7 ( .3 per million) Hong Kong death toll = 92 ( 12 per million) S. Korean death toll = 326 ( 6 per million) Japan death toll = 1,307 ( 10 per million) TRUMP's death toll = 185,999 (556 per million)
Four countries - located in very close proximity to CHINA ! - who each got their first case of covid about the same day as USA.
Here's how each government responded:
Taiwan death toll = 7 ( .3 per million) Hong Kong death toll = 92 ( 12 per million) S. Korean death toll = 326 ( 6 per million) Japan death toll = 1,307 ( 10 per million) TRUMP's death toll = 185,999 (556 per million)
It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market.
According to data from Strategas that was shared with CNN Business, a group of infrastructure, renewable energy, pro-globalization, health care and cannabis stocks are up more than 10% since early June.
Meanwhile, a group of oil and fossil fuel producers, big defense contractors and bank stocks tracked by Strategas that might do better under a second Trump term is down 9% in the past three months.
This is no guarantee of a Biden win. The stock market notoriously underestimated and misjudged Trump's chances against Hillary Clinton in 2016.
Other experts also think Wall Street is signaling that it expects Biden to win, and that this could be a good thing for the continued economic recovery. https://tinyurl.com/y5a247h3
8
The stock market thinks Joe Biden is going to win
CNN Business
It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market.
According to data from Strategas that was shared with CNN Business, a group of infrastructure, renewable energy, pro-globalization, health care and cannabis stocks are up more than 10% since early June.
Meanwhile, a group of oil and fossil fuel producers, big defense contractors and bank stocks tracked by Strategas that might do better under a second Trump term is down 9% in the past three months.
This is no guarantee of a Biden win. The stock market notoriously underestimated and misjudged Trump's chances against Hillary Clinton in 2016.
Other experts also think Wall Street is signaling that it expects Biden to win, and that this could be a good thing for the continued economic recovery. https://tinyurl.com/y5a247h3
Quote Originally Posted by THEMUGG: Stock market at all time highs. It's amazing that Trump could do this while the dems are trying to destroy the country. Do what?
I'm going to go ahead and answer for him.
<crickets>
0
Quote Originally Posted by StumpTownStu:
Quote Originally Posted by THEMUGG: Stock market at all time highs. It's amazing that Trump could do this while the dems are trying to destroy the country. Do what?
Quote Originally Posted by THEMUGG: Stock market at all time highs. It's amazing that Trump could do this while the dems are trying to destroy the country. Do what?
Have the stock market at all time highs.
1
Quote Originally Posted by StumpTownStu:
Quote Originally Posted by THEMUGG: Stock market at all time highs. It's amazing that Trump could do this while the dems are trying to destroy the country. Do what?
Quote Originally Posted by StumpTownStu: Quote Originally Posted by THEMUGG: Stock market at all time highs. It's amazing that Trump could do this while the dems are trying to destroy the country. Do what? I'm going to go ahead and answer for him.
Quote Originally Posted by fubah2:
The stock market thinks Joe Biden is going to win CNN Business It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market. According to data from Strategas that was shared with CNN Business, a group of infrastructure, renewable energy, pro-globalization, health care and cannabis stocks are up more than 10% since early June. Meanwhile, a group of oil and fossil fuel producers, big defense contractors and bank stocks tracked by Strategas that might do better under a second Trump term is down 9% in the past three months. This is no guarantee of a Biden win. The stock market notoriously underestimated and misjudged Trump's chances against Hillary Clinton in 2016. Other experts also think Wall Street is signaling that it expects Biden to win, and that this could be a good thing for the continued economic recovery.https://tinyurl.com/y5a247h3
stock market is a fickle mistress for either side
its dropping today
by a lot
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
0
Quote Originally Posted by kagakuotoko:
Quote Originally Posted by StumpTownStu: Quote Originally Posted by THEMUGG: Stock market at all time highs. It's amazing that Trump could do this while the dems are trying to destroy the country. Do what? I'm going to go ahead and answer for him.
Quote Originally Posted by fubah2:
The stock market thinks Joe Biden is going to win CNN Business It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market. According to data from Strategas that was shared with CNN Business, a group of infrastructure, renewable energy, pro-globalization, health care and cannabis stocks are up more than 10% since early June. Meanwhile, a group of oil and fossil fuel producers, big defense contractors and bank stocks tracked by Strategas that might do better under a second Trump term is down 9% in the past three months. This is no guarantee of a Biden win. The stock market notoriously underestimated and misjudged Trump's chances against Hillary Clinton in 2016. Other experts also think Wall Street is signaling that it expects Biden to win, and that this could be a good thing for the continued economic recovery.https://tinyurl.com/y5a247h3
Quote Originally Posted by kagakuotoko: Quote Originally Posted by StumpTownStu: Quote Originally Posted by THEMUGG: Stock market at all time highs. It's amazing that Trump could do this while the dems are trying to destroy the country. Do what? I'm going to go ahead and answer for him. Quote Originally Posted by fubah2: The stock market thinks Joe Biden is going to win CNN Business It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market. According to data from Strategas that was shared with CNN Business, a group of infrastructure, renewable energy, pro-globalization, health care and cannabis stocks are up more than 10% since early June. Meanwhile, a group of oil and fossil fuel producers, big defense contractors and bank stocks tracked by Strategas that might do better under a second Trump term is down 9% in the past three months. This is no guarantee of a Biden win. The stock market notoriously underestimated and misjudged Trump's chances against Hillary Clinton in 2016. Other experts also think Wall Street is signaling that it expects Biden to win, and that this could be a good thing for the continued economic recovery.https://tinyurl.com/y5a247h3 stock market is a fickle mistress for either side its dropping today by a lot
It is not Trump's fault when it drops a ton. It is only his stock market on the good days. I think it's quite comical how the Trump slurpers think he is solely responsible for success of stock market. Shows how little they truly know about trading, and that they are NOT invested in the market at all.
5
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by kagakuotoko: Quote Originally Posted by StumpTownStu: Quote Originally Posted by THEMUGG: Stock market at all time highs. It's amazing that Trump could do this while the dems are trying to destroy the country. Do what? I'm going to go ahead and answer for him. Quote Originally Posted by fubah2: The stock market thinks Joe Biden is going to win CNN Business It turns out a basket of stocks that could fare well in a Biden presidency have been outperforming the overall market. According to data from Strategas that was shared with CNN Business, a group of infrastructure, renewable energy, pro-globalization, health care and cannabis stocks are up more than 10% since early June. Meanwhile, a group of oil and fossil fuel producers, big defense contractors and bank stocks tracked by Strategas that might do better under a second Trump term is down 9% in the past three months. This is no guarantee of a Biden win. The stock market notoriously underestimated and misjudged Trump's chances against Hillary Clinton in 2016. Other experts also think Wall Street is signaling that it expects Biden to win, and that this could be a good thing for the continued economic recovery.https://tinyurl.com/y5a247h3 stock market is a fickle mistress for either side its dropping today by a lot
It is not Trump's fault when it drops a ton. It is only his stock market on the good days. I think it's quite comical how the Trump slurpers think he is solely responsible for success of stock market. Shows how little they truly know about trading, and that they are NOT invested in the market at all.
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