It's a stemming of the downward momentum because it does give some trade optimism, we're getting into the tail end of earnings season, so geopolitical and macroeconomic news will dominate the markets direction for the next few weeks.

Joseph Sroka

Categorized in : Business

There are periodic points of news flow where the positive news will carry the market and negative news will pressure the market, it's a return of health concerns versus economic optimism.

In an election year, especially when the president is getting backlash that the tax cut benefits only the rich, seeking a way to democratize the stock market to low income earners would be a popular maneuver.

The true economic implications of the coronavirus are still unknown.