Wall Street says these things must happen before the market will stop plunging and bottom

Wall Street strategists believe any near-term rebound would be short-lived unless a peak in coronavirus infection rate is in sight and more fiscal stimulus is rolled out.

During the SARS crisis in 2003, the market troughed a week after infection cases topped, said Andrew Garthwaite, global equity strategist at Credit Suisse.Spencer Platt | Getty Images Mislav Matejka, head of global equity strategy at JPMorgan, gave three things that need to happen for a rebound to occur: "1. We get a much more aggressive fiscal policy response, 2. If the original problem, virus outbreak, starts showing clear signs of seasonality/peaking out, or 3.

In other words, this crap is going to continue till everyone practically goes broke.

Stimulus is considered both good and panic. It should have been promised after more study. The FED hitting them over the head with huge cuts has pushed the panic button.

Bring Mark Faber on,let's hear what he has to say

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Wall Street fears ‘flashbacks to 2008’ with forced selling in $9 trillion U.S. corporate bond marketAfter the most volatile week on Wall Street since the 2008 financial crisis as the coronavirus epidemic began to shut down swaths of the U.S. economy, the health of the U.S. stock and bond markets may now depend on how corporate debt fares in the coming months. FED said unlimited liquidity... It’s happening again 😳 😀
Source: MarketWatch - 🏆 3. / 97 Read more »