1,100 Dow Jones point in 4 days, and 124 SPX points in the same period. Yesterday, the market made new highs in the NASDAQ and SPX, though barely. This going into the Senate vote on impeachment of President Trump on 2 articles.
Last Friday, the Dow closed down 603 points with the world panicking that the Coronavirus was getting out of control. Three trading days later, the market didn't seem to care about the virus, and was more focused (and surprised) that TSLA was down over $100 points instead of higher by $100 (again).
Last Monday, the market bounced 34 SPX points higher and analysts and the media were telling everyone to not believe the bounce. They were warning that the virus was going to drag down global GDPs by 1/2%, and things can still get worse. The markets ignored it and didn't care. And once again, we are back to the scene of the crime where the markets originally fell from.
END OF DAY
Trump was acquitted, but this was Part I. We will see many more attempts, with a whistle-blower ready to testify that President Trump does not put down the toilet seat in the White House when done.
TSLA fell back to earth closing down -17.2% (-$152.35) at $734.70.