The STI market was going well till it’s decided to change downward course again today. This time for very different reason. The News is that Trump Tests Positive for the Coronavirus. He must be very disappointed that DJIA manage to held up (updated with table) as I typed.
The talk about IN THING nowadays is the K-Shaped Recovery Economy.
What this may mean is
- The wealthy are recovering and the lower-earning are not.
- The professional workers are largely fine and everyone else is doing awful.
- Different parts of the economy recover at different rates, times, or magnitudes.
Well, the wealthy usually does better in most recovery. And you can be a pilot and seriously out-of-job. So the first two points are more divisive opinions between the Rich and the Poor which will drives resentment against the Rich or Rightist view. Likely not going to help the poor but make it worst as this will pigeon hole their thinking.