We're in a bear market… coronavirus is now in the U.S. and the virus has been declared a global pandemic by the World Health Organization (WHO).
The threat is real and the government is acknowledging as much with travel bans from Europe and last night's Fed announcement that shocked me...
The Fed made an extraordinary move by slashing rates down to 0%, the steepest cut in 12 years, in a last-ditch effort to stem the bleeding from the coronavirus impact.
While their actions are intended to help cushion the economy, Jerome Powell admitted that the Fed's intervention aren't guaranteed to prevent the recession…
The Fed has also handed to us a long-term stimulation of the economy in the form of quantitative easing.
This is very positive -- the Fed is almost ensuring us that after all this comes to pass that we'll have another major bull market.
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