What changed?
https://www.google.com/amp/s/www.ccn.com/the-dow-is-soaring-heres-why-the-stock-market-is-cheering-trump/
Here’s what happened on Friday: An Emergency Presidential declaration freeing up $42 billion for coronavirus efforts; and signs of aggressive bipartisan fiscal action (passed early Saturday morning).
What we saw was the market reacting bullishly to “big government.” An about-face from Trump’s previous approaches.
Interestingly, the coronavirus fiscal relief package was unanimously endorsed by House Democrats but voted down by 40 House Republicans shouting about the “massive expansion of government.”
Indeed, the Congressional bill contains a heaping dose of what you might describe as “burdensome, nannying Leftist regulation” such as paid sick leave, unemployment insurance, and additional money for food stamps (the horror!)
https://www.google.com/amp/s/www.vox.com/platform/amp/2020/3/13/21178124/democrats-coronavirus-package-deal-white-house-pelosi
I wonder: If you were in Congress, would you have voted yay or nay?
And yes, I am aware of the Saudi/Russian oil conflict (whose biggest loser is ironically the U.S. domestic oil industry)
Yet as Trump tweeted himself on March 9: the oil war is “Good for the consumer, gasoline prices coming down!”
https://www.google.com/amp/s/www.vox.com/platform/amp/2020/3/9/21171406/coronavirus-saudi-arabia-russia-oil-war-explained