Stock Market’s ‘Virus War’ Rout is Probably Past Its Worst

Stock Market’s ‘Virus War’ Rout is Probably Past Its Worst

$JPM $SPY Over the weekend, strategists at JPMorgan Chase & Co. (NYSE:JPM) concluded that most risk assets including stocks and credit have marked their low points in this Virus War frame that has gripped economies around the world. Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, […]

“We have an enormous fiscal plan. It is at least $800 billion and maybe more”

“We have an enormous fiscal plan. It is at least $800 billion and maybe more”

The United States could pump $800-B or more into the economy to minimize damage from the coronavirus outbreak if Congress passes a payroll tax holiday through year end, White House economic adviser Larry Kudlow said Monday. “We have an enormous fiscal plan. It’s at least $800 billion and maybe more,” Mr. Kudlow told reporters, totaling up actions already taken […]