A new quarter, same stock market turmoil. US stocks are poised to open sharply lower as Americans brace for a rough two weeks. The death toll is about to skyrocket in the US and risk aversion appears like it will slowly start to wipe away last week’s historic rebound. Last quarter was the worst first quarter on record for the and it seems the overall negativity is going to keep the pressure on stocks. Risk sentiment will not get any favors from any of the upcoming PMI readings or labor statistics. Investors will likely remain fixated on how bad the daily COVID-19 updates get.
Now that President Trump’s historic $2 trillion stimulus bill is finalized, the clock is ticking for when Americans will receive their checks. The first of the month is the time Americans pay the rent and serves as a reminder that many families and businesses are counting on the government to deliver their checks within the three weeks promised by Treasury Secretary Mnuchin. Many experts would not be…
