COVID-19 isn’t just testing healthcare systems, financial markets and the global supply chain — it’s also testing our faith in government. “Stock market starting to look very good to me,” he tweeted. In 2018, as public health writer Laurie Garrett has reported, Trump fired the government’s entire pandemic response team. That’s true of the stock market, which is so well-primed to react to events with potential economic impacts that it typically overreacts. The stock market has been on a nearly unbroken tear to the upside for just over a year.

Source: Los Angeles Times February 26, 2020 13:02 UTC