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Wealth 101
March 25, 2020
Stimulated!
Stimulated! Stocks surged yesterday on hopes of a large stimulus package from Capitol Hill. The Dow Jones Industrial Average had its single largest point move on record and its largest daily percentage gain since 1933, which was in the middle of the Great Depression.
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March 24, 2020
Dysfunction
Dysfunction. Stocks sold off yesterday as more and more businesses mothball operations to fight the spread of COVID-19. The Fed showed up in a big way and the Senate failed to reach agreement on a multi-trillion dollar bailout, sending shares to their lows of the session.
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March 23, 2020
Patience Tried
Patience tried. Stocks sold off on Friday in a volatile session as investors clamored to determine the economic fallout of the virus outbreak. In the worst week for stock indexes since 2008, the S&P500 swung more than 4% up or down for 9 out of the last 10 trading sessions.
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March 20, 2020
Balancing Act
Balancing act. Stocks rose yesterday as investors awaited some comforting words from lawmakers on economic stimulus. Oil rallied on news that President Trump may intervene in the spat between energy heavyweights Saudi Arabia and Russia.
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March 19, 2020
Hunkering Down
Hunkering down. Stocks experienced another selloff amidst continuing fear of a recession. The selling was not limited to stocks as bonds, commodities, and even gold found their way onto the chopping block.
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March 18, 2020
Financial Medicine
Financial medicine. Stocks rallied yesterday as the administration shared its plans to heal the sickening economy. The Fed continued to roll out stimulus for banks and added a package for corporations as well.
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