From TheStreet’s “Dow Futures Rebound As Recovery Hopes Trump Vaccine Concerns‘ posted early Wednesday:
U.S. equity futures bounced higher Wednesday, clawing back some of Wall Street’s losses from late yesterday, as investors weigh further re-openings in major economies around the world against reports that cast doubt on a near-term coronavirus vaccine.
With infection rates in Germany falling steadily, and countries and states easing lockdown restrictions, slow but steady indications of what is likely to be a long economic recovery are starting to find traction.
That view has helped oil prices rally kept Treasury bond yields low despite a wave of new supply — and trillions in government and central bank support — while bolstering a stock market rally on Wall Street that’s lifted the S&P 500 more than 3.6% over the past week.
My take: Unfortunate headline. Had to read it three times before it made sense.