Daily Covid and Markets - Wednesday July 22

The market was up 165 points today, mostly on a flat/choppy day that simply escalated in the last two hours of trading. The general mood was that reports the Republicans are open to extending the federal unemployment benefit at a $400/month level through December drove the last day market move higher, but I am skeptical. It is certainly possible, but it strikes me as utterly incomprehensible that the market would not have known Republicans were going to do something like this. Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com