Trump’s Positive Covid Test Rattles Markets: Here’s What Wall Street Thinks Happens Next

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Trump’s Positive Covid Test Rattles Markets: Here’s What Wall Street Thinks Happens Next
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When other heads of state tested positive for Covid-19, markets bounced back.

Stocks are struggling to recover midday Friday after the early morning bombshell that President Donald Trump and First Lady Melania Trump tested positive for Covid-19, and Wall Street experts are now expecting heightened volatility ahead of the November election.... [+]

Chris Zaccarelli, the chief investment officer for $5 billion RIA Independent Advisor Alliance, says volatility is likely to increase between now and November, and even through December if the election is contested., as slowed job growth in recent months, along with increased Covid-19 cases strengthen the case for more fiscal stimulus, notes LPL Financial equity strategist Jeff Buchbinder.

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