Broad Rally, Vaccine Optimism, Johnson & Johnson, GameStop Roars, Trading Nvidia The market s catalyst had everything to do with the virus. optimism that humankind might stuff that scourge back into Pandora s box.
Feb 25, 2021 | 07:04 AM EST
For the second day in a row, equities opened lower on Wednesday, then dusted themselves off, with a little help from Jerome Powell (not to mention the yield curve), and then rallied for the rest of the session. Only Wednesday s rally was broader and felt more complete than Tuesday s. The fact was that while the Fed Chair certainly gets an assist and what the US 10 year pays did peak early in the day, the catalyst on Wednesday was not a smooth talking monetary dove, not the fact that even easier fiscal conditions are at least (probably) headed for a vote in the House later this week. The catalyst had everything to do with the virus, or should I say. optimism that humankind might stuff that scourge back into Pandora s box, and hopefully
Stock futures trade mixed ahead of GDP, jobless reports
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Dramatic market adjustment continues
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