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U.S. stocks set to struggle for altitude after biggest loss in 2 weeks, amid a jam-packed day of economic reports, and bank stress tests

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U.S. stocks are indicated lower on Thursday after the main benchmarks put in their worst one-day skid since June 11, amid growing signs that cases of the COVID-19 pandemic are accelerating, delaying efforts to reopen the economies of a number of states and threatening the economies ability to snapback from the deadly outbreak.

 

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Unemployment funding runs out at the end of July and there’s no bill to extend it. So I expect households will have rent issues, credit card payment issues, car payment issues. There’s multiple scenarios and some are optimistic and some are not. I expect this shit to get worse

about those 'stress tests' ..... Who they going to tell?

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Economic outlook: US business activity hits 4-month high in June - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The Federal government passed out trillions in free money, of course activity went up.
Source: BusinessInsider - 🏆 729. / 51 Read more »