Netanyahu sends condolences to 'citizens of Turkey in their difficult time' after 7.8 magnitude earthquake struck the country, with tremors felt in Israel and Syria, where over 300 people were reported to have been killed
I sat down at my desk to begin my day, and streaming across my screen was a market alert – “Dow rises 200 points after tame inflation data, Nasdaq jumps another 1%.” A few moments later, another breaking news headline passed in front of me - “U.S. spending on COVID-19 relief poised to hit $6T with the passage of Biden stimulus bill.” I quickly went to see where stocks were on the news, and much to my dismay (but not surprise), the DJIA was now up over 500 points. Yet another record-setting close for the records.
Is it just me, or does the average U.S. citizen not realize that the markets are on crack?! Since the start of the pandemic, the Fed has already provided an immeasurable amount of liquidity to keep the bond markets fluid. That has kept interest rates artificially low for the past year. Stimulus and Government intervention has kept the stock markets soaring, similar to how some people keep giving candy to children to keep them quiet. Once Biden signs the $1.9T bill