Friday, May 8, 2020
Market Pulse – April 2020
KEY TAKEAWAYS
- Was the March selloff just a figment of our collective imaginations?
- The midpoint recovery we saw in April “only” required a 150-basis-point rate cut by the Fed and a $4 trillion federal emergency cash bailout package from Congress and the administration. (1)
- At long last, some around the country were freed from their homebound status.
- Economic data is beginning to look dismal, as expected, but seems to have had little impact on stock prices as of the end of the month.
