I'm kind of astounded how quickly the market recovered from a pandemic dip in the middle of all this unrest wtf is going on
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Papa Powell told Congress to get its shit together & after Congress didn’t listen the markets crashed and scared Congress into action. And since Congress passed lotta relief, folks believe things will be alright again soon. Ps: a 2nd corona wave could mess everything up or not
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And i cannot stress this enough, the Fed probably avoided the greatest depression in history world wide by preventing fire sales and margin call cascades in the credit markets. I cannot imagine the fallout in EMs if the Fed hadn’t stepped in. Powell is GOAT
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Wasn't it because of all the money that got injected into the system by the government?
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Well yes and no
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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This will be hard to believe b/c I'm an anonymous account, but I work on Wall Street for [billionaire.] (hence the anonymity) [This past week], he said we're in a bull market. Part of that is fed money, but take that for what it's worth
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It's zero percent hard to believe tbh Innnnteresting
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