Bid underneath from fresh stimulus
Germany is set to approve a new fiscal stimulus package worth an estimated 80 billion euros. Makes for ES futures drifting up 0.45% and a solid bid underneath the markets as of now.
Yesterday SPY closed up 0,40% and the grind higher continues.
WTI crude is higher by about 2% as of now, which augers well for the small caps.
U.S. CONGRESSIONAL BUDGET OFFICE SAYS ECONOMY COULD TAKE 10 YEARS TO CATCH UP AFTER CORONAVIRUS reports CNBC.
But FED trillions and stimulus from other countries have a put a bid underneath the markets which appears to have distorted the Wall Street/Main Street symboises.
Yesterday SPY closed up 0,40% and the grind higher continues.
WTI crude is higher by about 2% as of now, which augers well for the small caps.
U.S. CONGRESSIONAL BUDGET OFFICE SAYS ECONOMY COULD TAKE 10 YEARS TO CATCH UP AFTER CORONAVIRUS reports CNBC.
But FED trillions and stimulus from other countries have a put a bid underneath the markets which appears to have distorted the Wall Street/Main Street symboises.
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