ZFX: Confidence restore? Dow make a history again
On Tuesday (March 24), investors began to return back to the stock market after digesting the news of unlimited QE. With the hope that the Republican and Democratic parties will agree on the $2 trillion stimulus plan, the three major Wall Street indexes skyrocketed. The Dow rose more than 2000 points, up 11.4%, the biggest one-day percentage gain since 1933. View more
ZFX: Helicopter Money is here! Gold price jumped but not stock?
Monday (March 23) the global financial markets are still pessimistic. However, a breaking news rocked the market causing volatility. Before the US market open, the Federal Reserve (Fed) announced that it will implement an unlimited version of quantitative easing (QE). The Fed announced that it will buy assets like US Treasury and Mortgage-Backed Securities (MBS) “in the amounts needed” to deal with the coronavirus crisis. View more
ZFX: Risk appetite gradually return to the U.S. stock market
Signs of pneumonia outbreak or slowdown in mainland China, weakening demand for safe havens, coupled with Federal Reserve Chairman Colin Powell's renewed confidence in the U.S. economic outlook, further reassured, as money continued to flow into the stock market, with the Dow, S.P. and Nasdaq all hit record highs. View more