Are Investors Overconfident on FED or Credit Due to Official Coronavirus Numbers?
CNN explains why stocks keep soaring after the fact, but is it really overconfidence on the FED that keeps stocks moving? If the FED is to blame for stocks to be soaring, why are official authorities saying the coronavirus is under control?
CNN explains why stocks keep soaring after the fact
Coronavirus Epidemic Under Control Including US GDP Impact Numbers
State Councillor Wang Yi, who also serves as China’s foreign minister, said China had taken decisive measures to fight the epidemic, many going beyond international health regulations and World Health Organization (WHO) recommendations.
China’s banks have offered $77bn in lines of credit to help combat the epidemic. The central government has pumped tens of billions into the country’s financial system.
White House economic advisor, Larry Kudlow, said he expected the virus to “maybe” knock 0.2-0.3% off the US GDP in the first quarter.
Reuters contributed to this report.
Anyone can explain everything AFTER THE FACT, what really matters to investors is to KNOW WHAT TO DO BEFORE IT. Alex