I think the concern is that the system would lock up like it almost did in 2008.
Of course, no Fed policy changes would be complete without the media stating that this leader or this celebrity has tested + for COVID-19. Those + results will keep coming - for weeks. It's not something that President Trump can easily control - and those sorts of media stories have an effect on market sentiment.
Frankly for me, the fact that a political leader or celebrity tests + for COVID-19 is not even in the ballpark when I think about the older people who are especially scared and vulnerable. People pon FR that make flippant remarks about older COVID-19 victims are, well, asses.
I think the market runs an a fair amount of investor sentiment - and I think the media (I'm looking at you CNBC) try to manipulate that sentiment to the detriment of President Trump. Sorry, I ranted.
Honestly, you think THIS is going to prevent the system from locking? The last 50 basis points were shit through like nothing.
The fear on these people stinks.
If people are not ready economically, its way too late for that.
Does this send Deutche Bank down?