Editor’s Note: New Website Coming Soon! I’m happy to announce that we’re launching a new website for Money & Crisis in the coming days. The site will feature a completely new look and upgraded user interface that I think you’re going to like a lot. But it’s important to note that we’ll also be sending emails from a new domain. This can sometimes cause issues with email deliverability. To continue receiving Money & Crisis uninterrupted, just follow these simple whitelisting instructions. The Stock Market is About to Tell Us the Truth About COVID-19 Dear Money & Crisis Reader, President Trump has tested positive for COVID-19. And we are about to see a REAL COVID-19 test play out in the stock market. Let me explain… The COVID-19 pandemic has been one of the most polarizing issues in American history. One group of Americans believes it’s one of the worst health crises in history and that our entire society should be restructured to deal with it. Another group of Americans believes the entire disease and associated shutdowns were one gigantic scam, designed to cripple the economy and damage President Trump’s chances at reelection. The stock market is about to reveal which one of these is closer to the truth. President Trump and the Stock Market President Trump’s obsession with the stock market is almost beyond parody. Very early into his Presidency, Donald Trump branded the stock market’s returns as illustrating the success of his policies. This attitude extends well beyond the President himself. Treasury Secretary Steve Mnuchin has stated that the White House views the stock market as a “report card.” What this means is that the Trump administration believes stock prices represent their performance leading the country and the economy. |
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