U.S. stock-index futures were indicating gains on Tuesday, reversing earlier declines, as investors trained their attention on the prospect of fuller business activity in the wake of the coronavirus, and away from a fresh round of clashes in major U.S. cities due to the killing of an unarmed black man under the custody of a white police officer.
What’s driving the market? A restart of business activity from the closures due to the COVID-19 pandemic has been cited as the main reason behind the market’s ability to shake off a number of persistent worries of late, including Sino-American tensions and civil unrest in America. Curfews were announced Monday for Minneapolis and St. Paul and in other cities, while New York’s Gov. Andrew Cuomo placed New York City under curfew Monday night starting at 11 a.m. Eastern and ending at 5 a.m., marking the first such curfew in the city in years.
Michael Hewson, chief market analyst at CMC Markets UK said that if the violence on U.S. streets continues for much longer…”investors might have to cope with a lockdown of a different kind, imposed by the National Guard.” GDP isn’t expected to catch up to the previously forecast level until the fourth quarter of 2029, the CBO added.
'Buy when there's blood in the streets' -Rothschild
How many consecutive days can you run the same bullshit headline? This isn’t about restart optimism. The streets are on fire! Call it what it is. “Fed balance sheet expansion drives markets higher”. Or does that sound too much like socialism for your platform?
It’s re opening but I can’t go to any stores because they are all boarded up
Can’t wait to go to my local Starbucks with military in the streets. Bullish on re-opening!
Based on what? The economy is in the shitter..
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