‘Bearmageddon’ for stocks appears to be upon us, strategist says

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Has the Fed's monetary policy 'become impotent'?

The stock market’s worst-case “Bearmageddon” scenario appears to have occurred, said Mike O’Rourke, chief market strategist at financial brokerage JonesTrading.

On Sunday, the Fed cut its target range for the federal-funds rate to zero to 0.25% from 1.00% to 1.25%, and has now cut the rate by 1.5 percentage points since March 3. The move comes in response to the coronavirus outbreak, which has disrupted economic activity. — Mike O’Rourke, chief market strategist at JonesTrading. The Fed also said it implemented a bond-buying program, known as quantitative easing, of at least $700 billion, and said its open-market desk has recently expanded its overnight and term repurchase agreement operations, known as repos.

Don’t miss: Stock-market futures sink after emergency Fed rate cut -- ‘if this doesn’t work, what will?’

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Trump just gave Wall Street almost 2 billion dollars because of the Corona virus affecting the markets? 2 trillion dollars came up missing a day before September 11th! It's all a sham to steal money! They weren't able to start a war with Iran to make $ from war so they took ours

What's worse than impotent?!😂 Trump is so reckless. No prudence whatsoever. Our economy is a guy whose been partying all night, drinking and doing lines. Now it's three am and he's driving home while blowing his last lines. If he wakes up, he'll wish he hadn't.

Yes it has

Intellectually and morally impotent...

They’ve over used it. There is only so much cutting rates can do for a virus anyway so cutting rates just alarms the markets even further.

MY DAD: HUNNY JEROME IS HAVING THIS PROBLEM TOO

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Dow is in a bear market. Here's how bad it could getGoldman's chief U.S. equity strategist says when specific events spark bear markets, stocks' recovery tends to be stronger than it otherwise would be. Pro S&P to between 2,050 and 2,150 Pro Such a cute little bear 🐻 Pro Invest in tickers 'SDS' and 'SH' they are inverted to the stock market
Source: CNBC - 🏆 12. / 72 Read more »

Stock market outlook: Save cash for stock shopping list - Business InsiderMaking a detailed 'shopping list of stocks' will help investors avoid panic selling during the coronavirus outbreak, strategist Rich Steinberg said. We used all of that cash for toilet paper. I guess we weren't brave enough ghosts this time. Maybe next crisis!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks like Reynolds and Raytheon can weather a recession and even show upside, analysts sayNew for subscribers: Stocks like Reynolds and Raytheon can weather a recession and even show upside, analysts say Check out CNBCPro and get your first 30 days free. Pro Just buy twitter, it is the most undervalue stock in the Nasdaq Pro Świat zbroi się zawsze
Source: CNBC - 🏆 12. / 72 Read more »