U.S. stock market indices plunged on Monday amid a resurgence in coronavirus cases, causing America’s ten richest people to shed billions.
One estimate from JPMorgan Chase & Co.’s chief equity strategist puts U.S. stocks in for a double-digit advance if Donald Trump keeps his office.
Wall Street banks and their employees have been leaning left in recent years, increasing the proportion of cash allocated to Democrats.
Cohn says the government must spend $1 trillion now to rebuild the country’s infrastructure and save small businesses from coronavirus-related failure