Wall Street rides bull market momentum, S&P, Nasdaq on course for new highs

FILE PHOTO: The 11 Wall St. door of the New York Stock Exchange is seen in New York City, New York, U.S., June 26, 2020. REUTERS/Brendan McDermid

“There was no news over the weekend following last week’s confirmation to cause a shift in thinking,” said Oliver Pursche, president of Bronson Meadows Capital Management in Fairfield, Connecticut. However, the World Health Organization expressed skepticism about the treatment due to “low quality” data.

Market participants will pay close attention to U.S. Federal Reserve Chairman Jerome Powell’s remarks on monetary policy at this week’s Kansas City Fed Jackson Hole symposium, which is being held this year in a virtual format.

THE STOCK MARKET IS NOT THE ECONOMY!!!!!!

When Trump teased this, there were several people who stated that, as is his pattern, he drops this kind of BS to coincide with market openings to 'positive news'. I'd love to see a timeline of his statements, how the markets reacted, who bought, who sold, and who is in on it.

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Source: CNBC - 🏆 12. / 72 Read more »