It’s going to be big, and beautiful, and incredible, and all the other adjectives!
At a round table with restaurant executives and industry leaders, Trump said:
“This was a very big day therapeutically cure-wise and vaccine-wise. Tremendous progress has been made. Some big announcements are coming and have just come out and the market’s up almost 1,000 points.”
Investors definitely looked favorably on the recent news regarding vaccine development, sending stocks like Disney up 9% and more. Investors were also cheered by states reopening around the country with seemingly little hassle. But the questions remain. Will we get a resurgence in Covid-19 as we reopen, and how much of our lost business will return? And what about those 36 million people recently unemployed?
It sure looks like the stock market is ahead of itself, but if it keeps going higher, does that matter?
(Reporting by Jeff Mason, Tim Ahmann, Doina Chiacu and David Brunnstrom; Editing by Chris Reese)