The big news toward the end of the day was President Trump’s tweet that he is calling off stimulus talks until after the election which sent the S&P 500 to a 1.4% loss on the day. Comes after Chairman Powell again did not miss an opportunity to stress that more fiscal stimulus is needed. President Trump wants the senate solely focused on the confirmation of his pick for the SCOTUS seat left empty by the passing of RBG. Quickly trying to walk through the game theory here, it looks like DJT wants a “win” in the form of a confirmation heading into the election. According to Fact Set,
It Was Always When, Not If!
It Was Always When, Not If!
It Was Always When, Not If!
The big news toward the end of the day was President Trump’s tweet that he is calling off stimulus talks until after the election which sent the S&P 500 to a 1.4% loss on the day. Comes after Chairman Powell again did not miss an opportunity to stress that more fiscal stimulus is needed. President Trump wants the senate solely focused on the confirmation of his pick for the SCOTUS seat left empty by the passing of RBG. Quickly trying to walk through the game theory here, it looks like DJT wants a “win” in the form of a confirmation heading into the election. According to Fact Set,