Markets are reacting relatively calmly to the news that President Donald Trump and First Lady Melania Trump have tested positive for Covid-19
that stifled the economy. Stocks would go on to drop more than 9% in 1981, before rebounding tremendously, jumping about 20% in both 1982 and 1983.
While you can understand folks getting out of trades as the world looks uncertain, the actions of a president, even their health,Companies will continue to sell things, and investors will want a future claim on those profits. After all, the S&P 500 took but a day to recapture its losses after JFK’s shooting. The lasting impact on the country, not to mention his family, was another matter.
That caused the swiftest bear market in history, and concerns that the world would face a depression in addition to Covid-19.
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