Stocks Spooked On Biden Anti-Wall Street Comments

Stocks Spooked On Biden Anti-Wall Street Comments

Tyler Durden

Thu, 07/09/2020 – 15:26

Joe Biden’s economic speech was going along nicely with a smorgasbord of nothingburgers and pandering… and then he started on the Wall-Street-bashing narrative and the market got a little ‘shook’…

  • *BIDEN: WALL STREET BANKERS AND CEOS DIDN’T BUILD AMERICA

  • *BIDEN: ENDING THE ERA OF ‘SHAREHOLDER CAPITALISM’ IS OVERDUE

The reaction was notable only in so much as it stopped the incessant rise in Nasdaq (albeit probably only for minutes)…

The entire market was spooked lower…

Did the level of the Dow just come fully into play for the campaign? (as if it wasn’t already)

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