No one trusts the administration to see us through this. On top of that the fundamentals are not great. Markets want certainty and honesty. They do not feel they are getting either of those.
The markets are reacting to the fact that workers across the country are going without pay, that people are dying, and that we have an administration that doesn’t care, is incompetent, or both.https://twitter.com/JesseRodriguez/status/1239544785746214915 …
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The oddity about this response & every response to situations like this is that, the true power resides with the consumer. If you push liquidity into the consumer market, then businesses will be just fine. But, no one takes that approach & now the middle class has nothing.
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Sadly, the markets have never been rational.
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Just waiting on the tweet from Trump that everything is “under control” and “stop worrying” followed by a listing of the names of CEO’s of big US companies.
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All of the above.
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