Forget unemployment. Covid-19 ‘cure’ drives massive Friday rally in stocks


WASHINGTON – On the heels of another hideous, Covid-19-driven hike in America’s rising unemployment rate, stocks rallied fiercely across the boards on Friday. Why? A story hit the wires early, describing how an existing drug essentially cured a small but significant number of Chicago area coronavirus sufferers. Forget the day’s weekly unemployment news. The Friday rally was on, courtesy of that alleged Covid-19 cure.As I noted earlier this week, it’s been tough to write articles on the current wild trading action in the US stock market. And in international markets, too, for that matter. Take …

Read More