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Morning Money - Wall Street set for big drop
By BEN WHITE and AUBREE ELIZA WEAVER - 02/24/2020
Markets set for big fall — Wall Street seems set for another significant drop Monday morning as the number of coronavirus cases outside China surged. The big rise in stocks remains a strong positive for President Donald Trump heading into re-election but markets seem as vulnerable now as they have in quite a while both from the virus crisis and rising concern that Bernie Sanders will be the Democratic nominee.
COULD THE CORONAVIRUS DAMAGE TRUMP? — Cumberland Advisors’ David Kotok emails MM: “COVID-19 may define entire US election cycle at Fed, State & Local. Trump owns three years of budget reductions and 100s of vacancies in health agencies. Also watch South Korea for rapid government response with transparency and full reporting. I expect huge global volatility swings in markets.”
Read the full Morning Money update at .
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Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.
