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06-05-2020, 09:50 PM
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Sage
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Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 10,508
Thanks: 82
Thanked 1,505 Times in 677 Posts
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Quote:
Originally Posted by Mendy
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.
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That's exactly the way I see it and the reason I got out and am standing on the sidelines... for the foreseeable future.
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