Market Snapshot March 25, 2020

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Good Morning on this Wednesday AM, best day of the week,

 

It looks like there is a spending bill agreement and the markets seem to like it. Total value of $2Trillion. I am including some of the details below. The equity markets are having a terrific day with the Dow up 1200 points. Bonds also having a great day which is counter-intuitive when stocks are up, but is only due to the Fed buying all the debt that’s available. The 10-yr is at .80% (amazing how big the Fed’s foot is).

 

On the bailout bill, The deal includes $500 billion for a major corporate liquidity program through the Federal Reserve, $367 billion for a small-business loan program, $100 billion for hospitals and $150 billion for state and local governments. It will also give a one-time check of $1,200 to Americans who make up to $75,000. Individuals with no or little tax liability would receive the same amount, unlike the initial GOP proposal that would have given them a minimum of $600.

 

Stay healthy and safe and make today great!