Stocks are ignoring the lack of a stimulus package from Congress, but that could change

Hogan said he expects stocks to tread sideways during the dog days of August, but they could begin to react negatively to the election in September. He also said it is important that progress continue against the spread of Covid-19, as the economy continues to reopen.

"What they're not grasping is any deal, any extension of unemployment benefits, is going to be smaller than it was, and the rate of change should be the most important thing investors focus on," he said. "Not the binary outcome of whether there's a deal or no deal. There's going to be less air going into the balloon."Still, economists expect to see a strong rebound in the third quarter, and are anticipating about about a 20% jump in third-quarter growth.

"I think in August and September, there will be a lot of Ws, if there's not more help here," said Zandi, referring to an economic recovery that retrenches from a V shape before heading higher again. "It's clearly perplexing. It may take the stock market to say we're not going to get what we expect, and sell off and light a fire."

Stocks also ignoring the takeover of America by an authoritarian dictator.

Why does CNBC give so much air time to crazy people like Maxine Waters and Nancy Pelosi? They are crazy full of hatred.

Alternative theory - “ignoring” suggest awareness. Pretty sure the overwhelming amount of Robin Hood gamblers, flooding the market, could care a less about the stimulus. They don’t even practice basic technical analysis. It’s just a game of “where’s the ball today”.

You guys are so blatetely negative! Go hibernate like the weak bears you are!

Like your diapers.

Want it to change?

Keep hoping you leftist hacks. This country will move forward despite the lying MSM.

This is a disaster kind of like people on the beach today before the hurricane thinking nothing's going to happen and then 48 hours later complete disaster and a couple of weeks this will have snowballed to something out of control it ain't coming back

STOP 👏 TRYING 👏 TO 👏 TANK👏 THE 👏 MARKET!!!!!

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