#PresidentTrump #Covid-19 #financialmarkets #volatility #conspiracy
“President Trump and the First Lady are infected with the China virus, America is praying for their speedy recovery. And President Trump contracting the coronavirus is ‘short-term noise’ that jolts asset prices, but there is nothing which should change the market dynamic seen in past election cycles.” — Paul Ebeling
Yes, the reality is here. Even one of the most medically protected man in the World has now brought home the reality of Covid-19. No one is more protected against this dreaded and highly contagious disease, not even the President or First Lady of the United States who are tested daily, yet have contracted the disease.
Let the conspiracy theories now be put to death for all of the precautions that the medical industry has warned us about should be put into effect, including testing.
The President’s persistent that a vaccine must be immediately found and adopted by all American regardless of age, race or sex is critically important.
Political, self-serving comments, like Nancy Pelosi, the Speaker of the House and the Queen of pork-barrel spending, must stop.
Friday, House Speaker Nancy Pelosi (D-CA) attacked President Trump even stating: “When people say, as some of you do, isn’t something better than nothing? No. It could be a missed opportunity.”
Further, she attacked President Trump stating he was asking to be infected after not wearing his mask and speaking to large crowds.
“This is tragic, it’s very sad, but it also is something that, again, going into crowds, unmasked, and all the rest, was sort of a brazen invitation for this to happen,” Speaker Pelosi said. “Sad that it did, but nonetheless, hopeful that it will be a transition to a saner approach to what this virus is all about.”
Without compassion, she went on to say: “Maybe now that people who see the President of the United States, with all the protection he has and the First Lady still having this exposure it might be, as you say, a learning experience,”
Instead of Ms. Pelosi and leftist documentary filmmaker, Michael Moore saying: “Please stop and take a moment of Prayer for the President, Mrs. Trump and the family” – they and other negative politicians and celebrities made ungrateful comments not directing their efforts to constructively helping people get coronavirus relief, to get jobs, to put food on the table plus to keep shelters over one’s head and keeping their self-respect. Homelessness, where little has been done, should also be high on the Speaker’s list but it is not.
Many people have chosen to disregard any of the precautions given, like the wearing of masks, public socializing and social distancing, plus are not openly willing to take a vaccine once one is available. Wrongly and with media support, some people think that they will get a harmful reaction or it is too early to take any precaution.
Well, maybe people will now start to think twice for Covid-19 has just become a reality at The White House most recently with top aide Hope Hicks and now the First Family, which lends reality that this deadly disease is contagious to all ages, regardless of sex.
President Trump’s top speechwriter, was among the 1st people to test positive for the virus setting off a mad scramble in the West Wing.
So, what are many barriers to controlling the spread of Covid-19 in the U.S., especially the mixed messages that were originally endorsed by the media, numerous State governors and even Congress itself?
Blaming the President must be stopped but shared by all, including the people themselves who have been very lackadaisical in adhering to preventive measures.
Given that, how do we bring reality to the American people?
How many more public figures must become a victim of this dreadful disease and even die to prove Covid-19 is not a myth, but a reality.
I am surprised that another theory has not arisen that radical groups have intentionally infected people close to the President. They can not get to the President but close allies can. This could be a reality unto itself because of the decisive attitude now existing in the American people, where radical intentions are at a zenith, with the most important of which is the general consensus of not trying any of the potential life-saving vaccines currently in their final stages of testing. Here, the media must come center stage for they have been the endorser of such thoughts.
So, what is the solution?
In my opinion Congress must admit that Covid-19 is real and endorse preventive measures plus admit a commonality of the same political ideology as it relates to this disease.
In addition, the Media must stop its negativity and their intentional vaccination misinformation must cease, forthwith. Also more focused attention must be given to the low-income families and small business, plus key industries such as the airlines.
Will Congress do this; that is the Big Question. I hope for the good of The People they do.
What President Trump’s, 74 anni, infection means for the election and financial markets.
When UK Prime Minister Boris Johnson contracted the virus in late March, it really increased public sympathy for him and the same thing could happen for President Trump.
President Trump’s Covid-19 diagnosis will boost volatility but investors should not make knee-jerk portfolio changes
US stock indexes sank when markets opened Friday in reaction to the news and a worse-than-expected NFPs report.
Market volatility went up 13%, and safe-haven assets saw slight gains.
Headlines on President Trump’s condition will drive choppy trading in the coming weeks, but the market will likely course-correct.
Friday’s US stock market finish: DJIA -134.09 to 27672.81, NAS Comp -251.59 to 11074.94, S&P 500 -32.36 to 3348.44 Volume: Trade on the NYSE came in at 901-M/shares exchanged.
NAS Comp +23.4% YTD, S&P 500 +3.6%, YTD DJIA -3.0% YTD, Russell 2000 -7.7% YTD
Gold futures -8.70 lower -0.5% to 1,907.60 oz +2.2% on the week, US Dollar Index+0.1% at 93.83 and WTI Crude Oil futures -4.3%, or 1.66 to 37.05bbl
Stock investors arrive at the realization that the President’s China virus infection is not a needle moving event through Friday’s session. Indexes pared losses, and an initial bump for safe-haven assets faded.
Investors who take defensive positions now could miss out on the typical rebound seen as election uncertainty dies down.
Again, President Trump contracting the coronavirus is “short-term noise” that jolts asset prices, but there is nothing which should change the market dynamic seen in past election cycles.
Economist Bruce WD Barren and HeffX-LTN’s senior Analyst Paul Ebeling collaborated on this article.
Have a healthy weekend, Keep the Faith!
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