Powell Pumps Stocks
Video Length 00:01:49
As the new week gets going, we’re seeing a clear wave of risk on, with stocks rallying and the US Dollar selling off as investor sentiment picks up. The primary drivers behind the move are the ongoing push to get the global economy back to business, and the latest from the Fed Chair following a weekend interview.
The pandemic is not over people. We can pretend it is, start reopening the economy etc. But Trump's positive spin, while may fooling us, will have no impact on the virus. All this will do is make it easier for it to spread, damaging the economy even more and prolonging the pain.