It seems now that all of Capitol Hill is finally embracing the fact that the virus will not be slowing down any time soon and that they need to implement policies that demonstrate substantial strength in their response to the pandemic.
Sometimes a picture is worth a thousand question marks. Look at this graph of the U.S. coronavirus deaths in 5 different forecasts from a recent New York Times article discussing how scientists attempt to forecast the course of the coronavirus.
Critical Market Context for the Week Ahead – U.S. equities inched higher last week despite singularly dismal economic data coming in from all fronts. The S&P 500 closed just over 3% for the week on Friday, marking the biggest two-week rally since 1938.
Last week, U.S. equity markets posted double-digit gains following encouraging data showing that coronavirus infections may be peaking, as the rate of new cases appears to be slowing in multiple geographies.