Happy Monday! So, as I write this, the markets are in the green. Why is that? Considering things are on hold till at least April 30… Green Shoots! First on Friday evening, Abbott Laboratories announced emergency FDA approval of their COVID19 test, that can provide a positive result in 5 minutes! Abbott is able toContinue reading “The Clampdown”
A summary of the markets, relief bill details, tax changes, and green shoots!
Sunday the Federal Reserve took the extraordinary measure of cutting the federal funds rate to 0 – .25%. Along with other steps. The markets subsequently sold off as soon as the futures markets opened at 6PM E.S.T. Sunday, as they interpreted the move as a move indicative that things were worse than they were. Normally,Continue reading “What the Fed Just Happened?”