For weeks, if not months, the markets have been driven by news. Whether it was about the pandemic or its economic impact, every new headline would toss the market this way or that.
Lately, traders would react positively, even on bad news, as long as it wasn’t worse than expected. There’s just so much stimulus working its way through to the stock market right now.
This week, we’re entering a new phase. Most states are either reopening or at least loosening restrictions.