The reason that stocks rose last week on the bad GDP numbers is that traders and investors figure that the worse the economic data is, the greater the chance of a massive $2T+ stimulus package passing out of Congress.
President Donald Trump on Saturday, October 3, 2020, pressed lawmakers from both sides of the political aisle to pass a new coronavirus stimulus package after he was admitted to the Walter Reed National Military Medical Center for coronavirus treatment.
“OUR GREAT USA WANTS & NEEDS STIMULUS. WORK TOGETHER AND GET IT DONE. Thank you!” the president tweeted in the afternoon from the medical facility. Source: https://twitter.com/realDonaldTrump/status/1312449034154504192
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