- Investors look past yesterday’s $2 trillion U.S. stimulus deal and refocus on pandemic fears
- ECB to buy unlimited bonds to support eurozone economy
Futures contracts for U.S. major indices including the , and , along with most global shares, trimmed gains on Thursday, after the spirited rally of the past two days. Market optimism fueled by the promise of unprecedented U.S. stimulus faded as worries about the worst global pandemic in 100 years returned to the spotlight.
Yields dropped and the strengthened.
Global Financial Affairs
We’ve noted previously that throwing more and more money at the economic problems stemming from the COVID-19 outbreak won’t necessarily solve them. The current bear market is a result of a clear lack of real growth, with manufacturing lines and supply chains experiencing their worst disruptions since WWII.
As long as the number of global and U.S. cases continues to rise and the fatality count increases, bulls will find themselves…