Wall Street rallies despite bellicose remarks from Trump regarding U.S.-China trade and whistleblower Rick Bright's dire warnings about the U.S. response to the pandemic
- Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower’s dire warnings about the U.S. response to the coronavirus pandemic.
“This market is a battle over time frames,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Those pushing the market up believe we’re going to get a vaccine in a reasonable amount of time, the economy isn’t totally going to fall apart, that unemployment is not going to spike appreciably higher.”
But an ousted health official testified before a U.S. House of Representatives panel that the United States could face “the darkest winter” if its response to the pandemic failed to improve.
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