The increasingly bitter partisan fighting gripping Washington appears finally to have convinced Wall Street that another burst of stimulus funding isn't coming to prop up the economy any time soon. But Brian Battle, director of trading at Performance Trust Capital Partners in Chicago, says fading hope for a new emergency relief package was the most powerful factor — and probably will remain so in the days ahead."The mood was already declining because of the passing of Justice Ginsburg," and the battle over her replacement over the weekend, Battle said.
NEWS & COMMENTARY
THE WASHINGTON POST: The Finance 202: Stocks keep sliding as investors realize Washington won't agree on new stimulus
September 22, 2020
