The major US indexes have been on a tear since hitting historic lows in March. But many analysts have highlighted the sharp divergence between the strong rebound in equity markets versus economic data that shows an unequal recovery that by some measures started decelerating in June. And data on Thursday showed more than 30 million Americans are collecting unemployment benefits from state and federal programmes.
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Notably absent from Biden's speech on Thursday was any mention of big, bold policies favoured by some progressive Democrats, such as The Green New Deal.
With less than five months to go until Americans go to the polls, the economy is one area where Biden is playing catch up with Trump.
A recent poll by Pew Research found that while 54 percent of registered voters would either choose or were leaning towards electing Biden, compared with 44 percent for Trump, when it comes to economic policy, half of voters - 51 percent - said they were very or somewhat confident Trump would make good decisions, compared with 48 percent for Biden.
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