$DIA $SPY $QQQ $RUTX

Treasury Secretary Steven Mnuchin told Jim Cramer Monday that “there will be a huge amount of pent-up demand” for stocks when the threat of the coronavirus is contained.

“There will be a huge amount of pent-up demand when this is done. And it will be done,” he said.

“Look for companies that have a ton of liquidity. An Apple will have customers,” he continued. “That is just a given. The goal is not to bail out companies.” 

“The banking system can handle this after the Fed’s actions,” Secretary Mnuchin said. “Now it is a question of liquidity for those who need it… To keep entities from closing … and help the working person. Our stimulus is designed to let small businesses keep people on payroll. … We’ll always be thinking about what happens after we get through this.”

He added that the Fed was right to cut US interest rates to Zero and introduce a $700-B QE program.

“The Fed is ahead of the issues and I’m grateful; nobody has to pull money out of the banks,” Secretary Mnuchin said. “Liquidity for small businesses is chief priority. … Restaurant and bar owners, for example — we are trying to get money to them to tide them over.”

Have a healthy day

  #bars, #demand, #DIA, #Fed, #interest, #liquidity, #QE, #QQQ, #rates, #restaurants, #RUTX, #small businesses, #SPX, #SPY, #stocks

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HEFFX

HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

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