Jim Cramer thinks that the President becoming infected with the coronavirus and the surging coronavirus outbreak in parts of the country all work together to increase the odds of a second coronavirus stimulus package for the country.
The number of coronavirus cases appears to be on the rise in the United States again.
Basically, the logic goes that whatever is bad and horrible for the country, is good for the stock market because it increases the odds of a second coronavirus stimulus package. We saw the market do that with the PMI and GDP numbers recently and there’s no reason to think this investing psychology won’t continue.
CNBC’s Jim Cramer gives his first take ahead of the market open and discusses the likelihood of more stimulus.