Tuesday, President Trump publicly criticized Dr. Anthony ‘Doom’ Fauci for his comments on the C-19 coronavirus chaos, and said the US is in a “good place” despite a rise in virus cases.
“Well, I think we are in a good place. I disagree with him,” President Trump said during an interview at the White House.
“Dr. Fauci said don’t wear masks and now he says wear them. And he said numerous things. Don’t close off China. Don’t ban China. I did it anyway. I didn’t listen to my experts and I banned China. We would have been in much worse shape.”
“We have done a good job,” the President added. “I think we are going to be in 2, 3, 4 wks, by the time we next speak, I think we are going to be in very good shape.”
The US economy looked to be in rough shape several wks ago as the C-19 coronavirus chaos forced closures of restaurants and retail establishments nationwide, but with almost 7.5-M jobs added in the past 2 months and building things look good.
“I do not think there is a comparable example in US history, or maybe in any country’s history, of a crisis in economics being handled so adroitly,” economist Ben Stein said Tuesday, “They have done it brilliantly.”
Tuesday, the major US stock market indexes finished at: DJIA -396.85 to 25890.20, NAS Comp -89.76 at 10343.89, S&P 500 -34.40 to 3145.19
Volume: Trade on the NYSE came in at 961-M/shares exchanged
- NAS Comp +15.3% YTD
- S&P 500 -2.7% YTD
- DJIA -9.3% YTD
- Russell 2000 -15.1% YTD
HeffX-LTN’s overall technical outlook for the major US stock market indexes is Bullish with a Very Bullish bias
Looking Ahead: Investors will receive the Consumer Credit Report for May and the weekly MBA Mortgage Applications Index Wednesday.
Have a healthy day, Keep the Faith!
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