Please read David Frum’s excellent analysis of what was wrong with Trump’s Oval Office address. He hits all the main points as to why it was so lacking.
In the “A picture is worst a thousand words” category, I simply present two charts:
The above chart is for S&P futures. Note the time (in military measurements): they are from 9:00 PM EST last night, during Trump’s address. The markets sold-off sharply while the president was speaking. They weren’t impressed by what they heard.
The second chart is the weekly SPY chart:
As the coronavirus situation has grown more severe — and as the world needed calm, cool, and disciplined leadership, the SPY has fallen from ~340 to ~260 level . Two of the down bars show large declines. Trading volume is very high.
Translation: the invisible hand has voted against Trump.