We finally experienced a more subdued market today, ending the day up about 0.5%.
I expect this is mostly thanks to actions from governments and banks across several countries.
Last night, for example, markets rallied as the Europeans Central Bank promised to enact a wave of bond purchases, pumping about $820 billion into financial markets. Here in the U.S., the Fed also announced late Wednesday their plan to establish an emergency lending facility.
Both of these measures are aimed to make sure that borrowing costs remain down and that the bank’s low rates can be felt throughout the economy.
It looks to me like other central banks are finally following the Fed’s lead, and that bodes well for the market.
These measures should bring liquidity into the market and flood the economy with cheap money.
Watch how the Fed is trying to ensure a booming economy for years to come.
In today’s video I’m also covering support levels for equities and energy markets… where I’m expecting crude oil to head… update on coronavirus epidemic… my top three NASDAQ stocks… and an important lesson on ATR.
I know these are troubling and chaotic times.
We’re in the middle of a pandemic… a bear market… and record volatility. I get why the majority of traders are fearful.
But now is not the time to roll into a ball and hide. It’s during turbulent and scary times like today that the biggest opportunities appear.
So I invite you to open your mind and watch what the #1 Insider, Roger Stone, has to say…
Roger Stone wants to level the playing field and show you how the world’s most powerful and influential families cash in when others panic.