Wall Street was breaking all these records by dancing around the fact’s of reality….
Unemployment Numbers North of normal …
Federal deficits at record levels…
A Economy that isn’t gonna get better anytime soon and probably will get worst….
Seems like the money grip people just opened their eyes a few days ago…
Things ain’t THAT Good….
Stocks on Wall Street slid for the fourth straight session on Monday, after a steep drop in global markets that was fueled by the rising prospect of tighter economic restrictions to control the surge in coronavirus infections.
The S&P 500 fell more than 2 percent. Shares in Europe were also sharply lower, with the benchmark Stoxx Europe 600 down more than 3 percent.
Investors had already been losing confidence in Washington’sability to deliver another deal to support the hobbling U.S. economy, and the death of Justice Ruth Bader Ginsburg was seen as making that deal even less likely.
“From a purely political perspective, what already promised to be one of if not the craziest, and most politically charged election cycles of our lifetimes only heated up more,” analysts from Bespoke Investment Research wrote in a morning note to clients.
Shares of companies that are sensitive to the pandemic and the return of restrictions on travel in particular fared poorly on Monday. Delta Air Lines fell more than 8 percent, for example.
Energy, materials and industrial shares also tumbled, suggesting growing investor doubts about the outlook for the global economic recovery. Oil prices dropped more than 4 percent.
Sectors of the market relatively immune to the ups and downs of the business cycle, such as consumer staples, utilities and some large-cap technology companies fared better.
Countries around the world are reporting significant increases in coronavirus cases, just as cooler weather comes to the northern hemisphere, drawing more people inside. In the United States, the daily count is climbing again as universities and schools reopen. Over all, at least 73 countries are seeing surges in newly detected cases…..