October 2, 2020

To gain an edge, this is what you need to know today.

Trump Tests Positive

President Trump has tested positive for coronavirus.  Our best wishes to President Trump and First Lady for a speedy recovery.

What does it mean for the stock market? Let’s explore with the help of a chart.

Please click here for a chart of S&P 500 ETF (SPY) that represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• President Trump has mild symptoms.
• Will the White House be truthful on an ongoing basis about Trump’s health?
• Vice President Pence and Treasury Secretary Mnuchin have tested negative.