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Title : Wall St Flies High on Additional Stimulus- They're In the Money!
link : Wall St Flies High on Additional Stimulus- They're In the Money!

Wall St Flies High on Additional Stimulus- They're In the Money!

Stocks rallied on Thursday to close out their best week since 1974

• Stocks jumped on Thursday after the Federal Reserve announced that it would pump another $2.3 trillion into the economy, in a bid to provide relief to households and businesses as well as state and local governments. 

Yup, that's another 2.3 Trillion!

The Fed Will Pump Another $2.3 Trillion Into The Economy

Key background: The Fed has already made extreme interventions into the economy: It’s cut rates to nearly zero, stepped in to backstop a $350 billion emergency small business loan program, and purchased billions of dollars’ worth of government debt and mortgage-backed securities. In the three weeks since President Trump signed the historic CARES Act into law, as more than 16 million Americans have filed for temporary unemployment benefits, it’s clear that the $2 trillion-plus emergency rescue spending plan won’t be enough to prop up the economy 

Phase 4 Stimulus Bill

Less than three weeks after President Trump signed the historic CARES Act into law, it’s clear that the $2 trillion-plus emergency rescue spending plan won’t be enough to prop up the economy

So another 2.3 Trillion might do the trick?

• The Fed’s timely stimulus helped offset another dismal weekly jobless claims report, in which 6.6 million people filed for first-time unemployment last week.

• Treasury Secretary Steven Mnuchin told CNBC on Thursday that he believes the U.S. economy could get back up and running next month.

• Perspectives on the Pandemic | Dr John Ioannidis of Stanford University

• It's Snowing. Fluffly flakes and all

 

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