Wall Street continues to look ahead to a reopening of the economy, even amid widespread protests.
The market finished higher on Tuesday, with stocks continuing to rally on optimism about a reopening of the economy despite widespread civil unrest across the country over the killing of George Floyd.
“As painful as this is right now, it hasn’t gotten to the point where it changes the market’s outlook for a recovery—it’s that simple,” says Mark Freeman, chief investment officer at Socorro Asset Management. “The market isn’t looking at 2020, but instead to 2021 and beyond that.”
Stocks are rallying—even after several days of escalating protests across the country—because the market is blind to social justice, CNBC anchor Jim Cramer said on Monday.
