- New U.S. bull begins on QE relief despite staggering job loss
- The U.S. is now the official global COVID-19 hotspot
- Investors brace for an earnings season with no clue what to expect
As another earnings season approaches, investors find themselves with no clue as to how significantly COVID-19 has already pressured domestic as well as global growth. Ahead of the Good Friday and Easter holidays, the U.S. market abruptly shifted out of a bear market and shockingly, seems to have started a new bull run as the , , and each closed higher on Thursday to finish the shortened trading week.
Wild Fluctuations, Irrational Expectations
In previous posts, both daily and weekly, we’ve warned of savage whipsawing. Nonetheless, we didn’t expect indices to fluctuate this wildly.
Still, though stocks came back from the dead last week—driven by the Fed pledging additional, $2.3-billion in stimulus in the face of another week of overwhelming because of coronavirus lockdowns in the U.S., to be…
