U.S. stocks soared on Monday, erasing May losses, on optimism that
the American economy might be percolating again, while the medical
community works toward a potential COVID-19 vaccine.
Risk assets also received a boost after Federal Reserve Chairman Jerome Powell on Sunday night struck a more upbeat tone on the U.S.’s growth prospects, while highlighting that the central bank still retained tools to limit the economic downturn.
Note EU-Digest: Wall Street "Fata Morgana" goes in overdrive, as it clamps on to imaginary "positive" news. Stop dreaming. It's time for a reality check folks. The US economy is on life support.
Dow soars almost 4% main stock-market indexes turn positive for May on coronavirus vaccine hope - MarketWatch
Risk assets also received a boost after Federal Reserve Chairman Jerome Powell on Sunday night struck a more upbeat tone on the U.S.’s growth prospects, while highlighting that the central bank still retained tools to limit the economic downturn.
Note EU-Digest: Wall Street "Fata Morgana" goes in overdrive, as it clamps on to imaginary "positive" news. Stop dreaming. It's time for a reality check folks. The US economy is on life support.
Dow soars almost 4% main stock-market indexes turn positive for May on coronavirus vaccine hope - MarketWatch
