Market gains confidence as Trump admin sees U.S. end to COVID-19 crisis in Q2

On Tuesday, CNBC’s Jim Cramer said that vaccine optimism has Wall Street believing the worst of the COVID-19 pandemic in the U.S. could be over in the second quarter of 2021 as the Trump administration’s chief of vaccine development, Dr. Moncef Slaoui, has said he believes the entire U.S. population could be inoculated by June.

COVID-19 coronavirus

Kevin Stankiewicz for CNBC:

CNBC’s Jim Cramer said Tuesday that Wall Street is gaining confidence in the potential rollout of a coronavirus vaccine in the U.S., suggesting investors believe the serious challenges caused by the pandemic could soon be behind the country.

“The market is very prescient. I think the market has been going up because we’re starting to realize this may be — for all intents and purposes in America, not in the rest of the world — over in the second quarter of 2021,” Cramer said on “Squawk on the Street.”

The stock market had a very strong November, despite uncertainty caused by President Donald Trump’s challenges to the election and a worsening Covid-19 outbreak, as a slew of positive vaccine developments were announced. Stocks continued to show strength in the initial days of December trading, with the Dow Jones Industrial Average, S&P 500 and Nasdaq closing Friday’s session at a record high.

The head of the Trump administration’s vaccine development effort, Dr. Moncef Slaoui, has said he believes the entire U.S. population could be inoculated by June. He predicted the country “should have this pandemic under control in the second half of 2021” if enough Americans receive the vaccine.

MacDailyNews Take: As we’ve often stated, we’re very hopeful that the various COVID-19 vaccines will arrive on a widespread basis even more quickly than many thought possible earlier this year as the U.S.’s Operation Warp Speed accelerates the development and, importantly, the manufacture of millions of doses by funding steps to proceed simultaneously versus the usual, significantly slower sequential process.

Obviously, the quicker we can get to a post-COVID-19 U.S. and, eventually, world, the better it is for everyone, including Apple, which has done very well during the pandemic, but stands to do even better once the company’s 500+ retail stores, more than half of which are in the U.S, are once again open for business as usual!

42 Comments

  1. Prior to President Trump’s leadership, the fastest an effective vaccine had ever been developed (much less several effective vaccines) was for mumps. It took four years.

    Thankfully, President Trump will be in office in Q220 to see the fruits of his labor.

    As I said on Nov. 15:

    Joe Biden and Kamala Harris are not going to be sworn in as president and vice-president.

    Of course, when the realization hits, the Dem/Lib/Progs will riot and burn and loot their shithole Dem-destroyed inner cities, wholly unlike Republicans who march in peace despite an obvious attempt by their opponents to steal one race in an GOP wave election.


    1. Today, December 8, is the safe harbor deadline for electors. The outcome cannot be challenged now, not even in the Supreme Court. It’s over. Biden has officially won enough electoral college votes and those electors cannot be changed now.

        1. My guess would be that he is merely an individual who is able to read. To avoid a repetition of the Hays-Tilden fiasco in 1876, federal law has provided since 1888 that the results of a state election that has been certified according to the state laws in effect prior to the election are to be conclusively presumed correct, so long as the state certification occurs on or before the sixth day before the meeting of the Electoral College.

          That means that nobody, not the state legislature, not the federal courts, not Congress, not anybody, can successfully contest an election result that was certified by the safe harbor date. Every state except Wisconsin met the deadline, and Wisconsin does not have enough electoral votes to change the outcome.

        2. FT…it is ironic how I am starting to adopt Trump’s moronic habits. When I see your posts, all I think is….LOSER. What a pathetic loser. The most pathetic loser. The best loser. The Bigliest loser…..

        3. What I said about the safe harbor deadline is absolutely right, correct, and factual. It. Is. Over. The electors cannot be changed now.

          I realize you won’t accept that even though you know it is true. You are clearly posting just to generate traffic to MDN. You are either part of MDN or paid by MDN. My money is on part of MDN. You are transparent.

            1. COVID has rotted Rudy’s brain. Of course there have been state elections that were contested past the safe harbor date. Those elections, like the Wisconsin election this year, did not qualify for the conclusive presumption because there was not a final certification prior to that date. In 50 out of 51 cases this year, there is a properly certified result that met the deadline. Those results are no longer subject to challenge.

              Poor Rudy is reduced to citing a dissenting opinion in Bush v. Gore. The majority held that Florida needed to stop its ongoing recount before it was finished because that was the only way to meet the safe harbor deadline. Justice Ginsburg pointed out that missing the deadline did not matter as much as getting the count right. The Republican majority on the Court disagreed.

            2. Going through life being wrong all the time is apparently the route you’ve chosen though. On the issue of the safe harbor date, I am right and you are wrong.

            3. Just to clarify: the majority in Bush v. Gore regarded accuracy as an important value, just as the minority regarded finality as an important value. All the Justices agreed that the two factors could be in conflict and require balancing, as they did in Florida in 2000.

              The minority thought that the balancing decisions should be handled outside partisan politics by neutral and impartial judges. The majority (5-4 then, corresponding to 6-3 now) thought that balancing between accuracy and finality in a state election (even for the state’s presidential electors) should be handled by the state and its officials without federal interference, even if those decisions might reflect partisan politics within the state.

              So, if the Florida Secretary of State in 2000 preferred the finality of certification in time to take advantage of the safe harbor, rather than improved accuracy by continuing the recount, that was not a decision the federal courts should second-guess. Bush won.

              Similarly, if the lawful authorities in Pennsylvania, Michigan, Arizona, and Georgia in 2020 are satisfied with their balancing of finality against accuracy, that is not a decision that the Supreme Court or the Attorney General of Texas should second-guess. Biden wins.

              This is not an obscure point of law. Three of the current Justices were on the Bush legal team in 2000. They are not going to vote to federalize state elections.

    1. You can count fraudulent votes over and over and the result will always be the same, genius.

      When you remove the fraudulent votes, or nullify the state’s unconstitutional election results, that’s when the actual victor is revealed.

      1. Anyone could win an election based on this moronic logic!!! Just count (true) votes for oneself and throw out (fraudulent) votes for one’s competition. Wow, Trump may have won every State in the Union and the District of Columbia based on this thesis!!!

      2. 45 court cases amongst the states and ALL of them LOST. No fraud of any kind found by the courts. None. Zero. Zip.

        But do continue on with your fantasy. It’s great fun watching your side lose what little grip on reality you they once had.

    2. You sound agitated, angry, like a typical Godless Lib always does.

    3. Sorry, but you enjoyed it four times. There was the election and then the three recounts. Georgia had the three recounts because Trump is a sore loser and can’t accept that the people rejected him. He now joins the club of super losers…one term presidents.

  2. I know that MacDailyNews and many businesses like it are hurting due to this pandemic and traffic is probably traffic. I used to come here all the time to grab news and to comment (a lot), years ago. I left because the political BS started to take over and I see little has changed so away again I go.

    But I’ll leave my $.02 first — give us news about Apple and make fun of Michael Dell every so often and this place is so much better. This entire entry and some of the comments below it feel entirely conjured just to draw hits and that is so much of why our country finds itself in the state it is in.

    I’ll check back sometime again and see how it’s going . . . . but for now, I roll my eyes and go.

    1. I agree the site is better without that, and should ban “First Then” who regularly vandalizes it with trump propaganda

      trump is a criminal and con man, but unfortunately the person who runs this site seems to be among the conned.

    1. Pfizer has been working with U.S. officials in Operation Warp Speed (OWS) and the U.S. Centers for Disease Control and Prevention (CDC) to help ensure that after potential authorization or approval, the Pfizer-BioNTech COVID-19 vaccine can reach those in most need as quickly and equitably as possible. The company believes this ongoing coordination is critical to help ensure an efficient vaccine distribution as soon as possible after the vaccine receives regulatory authorization or approval, if received.

      In July, Pfizer and BioNTech announced the execution of an agreement with the U.S. Department of Health and Human Services and the Department of Defense to meet the U.S. government’s OWS program goal to begin delivering 300 million doses of a vaccine for COVID-19 in 2021. Under the agreement, the U.S. government will first receive 100 million doses of the Pfizer-BioNTech COVID-19 vaccine after Pfizer successfully manufactures and obtains approval or emergency use authorization from the U.S. Food and Drug Administration (FDA).

      Source: Pfizer Inc., November 16, 2020

    2. The same is true of most of the other vaccines. The US Government did not finance their research and development, although it did underwrite production and distribution by paying up front for guaranteed delivery of a fixed number of doses. Even the vaccine developed at the NIH was financed early on by an international coalition headquartered in Norway, not by US taxpayers.

      Any US President would have committed similar resources, although most of them would have begun taking it seriously when they heard of the virus in January, not wait until March.

      1. You’d have a lot more credibility if you were to give credit to the Trump administration for pursuing this approach. “Any US President would have committed similar resources,..”, this statement is not really borne out by the history of vaccine development.
        https://www.nytimes.com/2020/07/22/upshot/vaccine-coronavirus-government-purchase.html
        There’s a panoply of wrong turns and mendacious behavior by the administration but minimizing the successes, though few in my view, puts you in the CNN, MSNBC, and Fox worlds of political viewpoints as in, “they’re wrong all the time”. Pick the they.

  3. In August Pfizer offered more doses to the Trump administration, which they rejected. Now, more vaccine from them may not be available until July. It will be such a relief to have a compassionate and competent administration in place. No incumbent has lost by such a large margin since FDR defeated Hoover.

  4. I worry about the president’s weight and mental condition when he goes to prison. I know he has had COVID but you hear stories about people catching it a second time. Will he be able to get a vaccination in prison? You know the administration really screwed up when not buying those extra doses of the vaccine when they had chance. Now everyone is short and they can’t even protect the nurses and doctors. What a mess. What were they thinking? I guess they wanted to save money.

    And as for his mental state you read that he is screaming at everyone in the White House about being the biggest loser in the world because he lost to Sleepy Joe! How could he lose when he faced that old man who didn’t even campaign. It is embarrassing. Yeah, I’m with the president on that. He is without a doubt the biggest loser losing to that guy. So, I bet he’s going crazy aver his loss and he could end up hanging himself in prison unless they can take good care of him and get him good food like he eats now. Oh, yeah, and he needs to be able to play golf everyday while in prison, otherwise he really will become crazier and start yelling at the guards, and you know what guards go, oh, and some inmates too. It’s not pretty.

      1. Here in the US, there are three million doses in the first shipment, to be staggered over three days. The first million or so will be arriving in the distribution centers Monday, and later at the administration sites. There are 330 million people in the US, so you must be pretty spectacularly at the high end to be among the first 0.2% to get the vaccine.

  5. The only thing the BLOTUS should take credit for is in killing over 100,000 US citizens because of his blatant disregard for public safety during the pandemic.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.