make of this what you will...
Fed’s James Bullard says rate cuts possible only if coronavirus turns into pandemic
Market had a huge reaction . We will see if it holds. It was selling prior to the announcement
btw, before someone jumps in and tries to claim I am trying to influence the market..I am still flat. Don’t want my head handed to me .
Stocks erased early losses to turn solidly higher after the Federal Reserve delivered a rare, inter-meeting rate cut, dropping the range of its benchmark rate by half a percentage point. The Dow Jones Industrial Average was up 183 points, or 0.7%, at 26,886, while the S&P 500 advanced 27 points, or 0.9%, to 3,117. The Nasdaq Composite gained 51 ponts, or 0.6%, to 9,003.
In 2017, these bonds were sold to private investors on the premise that they would lose their money if any of six deadly pandemics hit. If WHO declares a pandemic, the World Health Organization will keep the money and will use it to fight the outbreak. If there is an outbreak of disease turned into a pandemic, then investors don’t get their initial money back.
I just checked the close. Zikes.
If it doesn’t hold 25,000 it could see 22,500..the dow.
Once it broke below 28000 it was likely, of course not certain, that it would test 25,000