Though the emergency bill is helpful, uncertainty permeates Wall Street.
“As long as the scope of the virus is still so uncertain it’s really hard to make guesses about where growth is going to slow, and that adds fragility to stock prices,” said Baird’s investment strategist. Investors took advantage of the three-day rally this past week to make a few profits, but many will feel gunshy for as long as the U.S. epidemic lasts.
Although the $2.2 trillion emergency stimulus will help to heal the current damage wrought on the economy, large spikes up and down will be the likely trend until the coronavirus is fully curbed. And healing to United States citizens will take as long as it takes.
As the Lord Leads, Pray with Us…
- For President Trump as he listens to experts on how to care for the economy.
- For the Federal Reserve as they take measures to work with investors and companies.
- That the Lord would bring quick healing and a remedy to the highly transmittable coronavirus.
Sources: AP News, CNBC, New York Times
