After Trump tested positive for Coronavirus last evening, after hours prices began to rapidly drop. While the market is already quite uncertain, the "leader of the free world" getting ill only will make it worse. Comparing to previous presidential health issues, such as Eisenhower having a heart attack, the market did not react as harshly.
While it does not put the US in a great situation currently, I believe the past effects of the pandemic, and the certainty that under this republican administration we are unlikely to see any new shifts in foreign policy are key to realizing that the economy will not be drastically hurt by todays news.
How do you think this new story will continue to affect the hopeful economy as we are attempting to climb back from the coronavirus market crash in March?
I think that anytime a world leader gets an illness it negatively effect the economy and builds uncertainty
ReplyDeleteI think the market was hurt with more of the initial shock that our country’s president has fallen ill. I feel it is more shocking in general because he is the president. I think once people see that there are no medical emergencies and that he is recovering then the shock will die down as nothing else has changed and continue back before the news.
ReplyDeleteI agree with this statement, I think youre right and based on the recovery time the economy will get pack to trying to reach its post-covid recovery goals.
DeleteThe market definitely took a hit the day after President Trump tested positive. I believe however that this was only a minor setback and the economy/stock market will only continue to go up from here.
ReplyDeleteAssuming the President has a mild case and returns to the White House and the public eye early this week, the markets should respond favorably. The visibility of the president's case may even have a positive impact on the economy if it inspires citizens to more actively wear protective face coverings and social distance.
ReplyDeleteAlthough the market did suffer a bit, I believe it will only be temporarily. Seeing a person of high value deal with this virus can be a reality check for people and show them that this can be a serious situation. Many people recover from it and once President Trump does, I think the market will go back to where it was before he tested positive.
ReplyDeleteHi! Who's comment is this? I want to give you credit.
DeleteAlthough the market did suffer a bit, I believe it will only be temporarily. Seeing a person of high value deal with this virus can be a reality check for people and show them that this can be a serious situation. Many people recover from it and once President Trump does, I think the market will go back to where it was before he tested positive.
ReplyDelete