Re: Dow futures rise 150 points as Trump administration begins transition process
If the market responds to anything, it will be the likelihood of no less than three vaccines being available to Americans very soon. We've been told this relief was on the way for many months and now the market is responding. The market will not turn up further based on anything written in that response letter from the Biden transition team, which appears to be political grandstanding more than anything else. I'm not sure that's it's even worth mentioning in regard to the current market action.
The administrator of GSA, Emily Murphy, clearly states that the winner of the presidential election will be determined by the electoral process as outlined in the Constitution, so the first sentence of the transition team response clearly screams grandstanding.
Scott Harrison
Senatobia, MS
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