Tuesday, November 24, 2020

A Tale of Two Economies as the Dow Breaks 30,000

Good vaccine news, Biden transition clarity, Yellen-Powell pro-longed easy money expectation...whatever the reason, the Dow Jones Industrial Average has gained 2,566 points or 9.3% since Election Day and crossed the historic 30,000 milestone today. Yay!!!


But behind the jubilation is a grimmer reality as an already uneven recovery slows...with Wall St and Main St seeing two very different economies:



Joe Biden and his team have a big task to not only put the US economy on a solid footing but tackle gaping income inequality and a host of related problems...


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