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Old 06-05-2020, 07:53 PM
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Mendy Mendy is offline
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Default Fed Stimulus
While the 40%+ recovery in 80 days is unprecedented, remember that the Fed is heavily subsidizing risk assets (stocks) amidst a stream of bad financial news. Also remember that other subsidies (i.e. extra $600 UE benefits) expire on 7/31. Will be interesting to watch the jobs report in August. Remain cautious at least until after the election and likely into Q1 2021. Hopefully we won't have a double dip, but wouldn't surprise me.