Episode 287: Daily Covid and Markets - Monday July 6
Market futures never did point down last evening, and I woke up very early eastern time to futures pointing up 450 points. After a cup of coffee I realized that China’s market was up a stunning 5.7% today alone. Consider this for those mystified by the actions of the U.S. stock market: the Shanghai Composite Index is now the highest it has been since early 2018. We live in crazy times.
Anyways, the Dow opened up big, and traded between +300 and +400 most of the day, and closed right near the high of the day, up +460 points.