U.S. stocks rose on Wednesday after President Donald Trump tweeted support for aid to airlines and other stimulus measures, stoking hope that a smaller aid package could be passed by lawmakers.
"That said, with President Trump's call for aid to airlines, an obviously hard-hit area of the market, traders may be eyeing bullish opportunities in cyclical stocks dependent on a quicker economic recovery—if they can stomach the rollercoaster," Larkin added. Bridgewater Associates' Ray Dalio told CNBC's "Street Signs Asia" on Wednesday morning Singapore time that the U.S. president's move is "certainly not a good thing" and will be a "significant negative" on the economy.
Stocks rally in spite of his notice that WH is done negotiations were to help America out. Market anticipates a Biden win, as he shoots himself in the foot. Again 🎉
Party!
Those in need want targeted stimulus. The FED Chair wants Targeted Stimulus Trump wants targeted Stimulus. SpeakerPelosi wants non targeted state bailouts. It is about time her highness stopped playing politics. tt:larry_kudlow TreasurySpox MadMoneyOnCNBC
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