Mottek On Money

Mottek On Money Special Edition -Wall Street and Main Street: Stocks start the week with a rally sending the Nasdaq to a record closing high on growing optimism that the worst of the coronavirus induced recession might have already passed. It was the Nasdaq's first record high close since February 19th and marks an impressive rebound since the fastest ever bear market sell off. The broader S&P 500 turns positive for 2020. The Dow posts at gain of 461 points putting it about 2000 points below its all time high.  All this on the same day the National Bureau of Economic Research officially declared a recession started in February. Travel related stocks including airlines, cruiselines, car rental companies shot higher. Auto stocks moved up including Tesla which hit a record high above $900. The markets and the economy discussed with Bryan Perry, Editor of www.BryanPerryInvesting.com and Economist Christopher Thornberg, Founder, Beacon Economics.  Support the show: https://www.frankmottek.com