According to Bespoke Investment Group, the average stock in the bottom 10% performers since Feb. 19 shot up an average of 18%.
iframe.twitter-tweet { width: 100% !important; } The S&P 500 SPX, -1.32% closed at 2447.33. Gundlach did not follow up on the tweet.Tom Porcelli, chief U.S. economist at RBC Capital Markets, did some back-of-the-envelope calculations. The U.S. economy was running at a $21.5 trillion, or $413 billion per week, rate before the virus hits. Assuming the economy is 30% shut down, the $2 trillion probably gets you through 16 weeks, he said.
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Stocks Fall Despite New Fed Intervention, Investors Await Disputed Coronavirus Relief PackageStocks fell this morning, even as the Federal Reserve pledged unlimited asset purchases to support the market and Congress nears an agreement on a massive coronavirus relief bill by skleb1234 skleb1234 🤦♂️ skleb1234 Thank you Nancy Pelosi. I understand stock price on witch’s brooms are up! skleb1234 The cure for the market is a cure for the virus. A cure for the markets w/o a cure for the virus is smoke and mirrors.
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Asia stocks rebound, Fed pits endless QE against economic realityAsian stocks rebounded sharply on Tuesday as the U.S. Federal Reserve's pro... Finally Promote a market stabilization policy by mobilizing China's 2 trillion dollars, Japan's 1 trillion dollars, and the EU's 2.8 trillion dollars in fiscal policy! The days for the fiat currency are numbered. This is the last straw.
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