Investors wanting to make sure. It is a shortened week so some traders might be taking off after all of the action earlier this year. David it has been exhausting for traders. He mentioned we had the best quarter last year. You mentioned. That might not be good news because i saw a note from you that said historic as we go back to big shift in the market and there is a recast in the bottom. Recast sixere was a or seven months after the 1929 low. A similar situation in the mid1970s. In 2000 there were several that went lower. 1987, the longterm is as of 2008. All of history does suggest that there is some sort of a significant testing of the s p 500 lows. There are also some options that i talk about saying that there are signs of that coming. When that may come is unclear. Investors are going with the fed and central bank liquidity. Unless there is a systemic shock that undoes what the fed has been able to emblem it and support markets implement, it seems that stocks could go higher. H
Investments and this additional investment in poland that the American Companies are making right now results from a very efficient policy that we are conducting together and which increases the sense of safety of our citizens in poland and also increases that sense of safety investments in our country. Thank you so much for that because that means the creation of new jobs in the state of the art branch of industry with i. T. Technologies. Were really pleased because in poland we have a large number of excellent young i. T. Experts and young i. T. Engineers and for sure were able to come to terms with these very serious challenges as far as intellectual capital is concerned im sure these investments will be beneficial for the United States, for u. S. Companies and also for poland through creating jobs, requiring new experiences by young people in the first place, by young engineers. Also glad, mr. President , because as we said before, the agreements that we entered into concerning inc
Field . On a number of occasions we have issued public statements and communications to our supervisory group. We dont want to be on a hair trigger to classify loans or call them loans or anything like that. We want to look at this as an unusual situation and be flexible and thoughtful about the way we do our jobs. Of course we havent been really supervising. Were only starting to supervise again. At the fed were going to do it remotely. Were not going to be visiting yet but that time will come i think fairly soon. But were doing training for our supervisors and things like that so we want to be we have also by the way, we have encouraged banks to use their buffers. And in a similar way that Mortgage Backed securities can. Do you think that the threat of clo is properly accounted for and can you discuss how the fed has been monitoring this risk . And thats not the case. We have really good information. We include them to the extent and we include them in our stress tests and we stress
Now, testimony from Federal Reserve chair Jerome Powell on Monetary Policy and the state of the u. S. Economy amid coronavirus. He spoke about low Interest Rates, unemployment numbers and what future Economic Growth and recovery could look like. Help in front of the House Financial Services committee, this is three hours. So the committee will come to order. Thank you. Without objection, the chair is authorized to declare a recess of the committee at any time. Members are reminded to keep their video function on at all times, even when theyre not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying h res 965, staff will only mute members and our witness as appropriate when not recognized to avoid inadvertent background noise. Members are reminded that all house rules relating to order and decorum apply to this remote hearing. T
Those gains. Tesla is trading above 1000 a share for the first time. I want to point out the dollar in yields. The dollar has been a proxy for Risk Appetite and Risk Appetite is higher when it is weaker. The fact that the dollar is weaker again signals are not entirely risk off day but you have yields moving lower by about four basis points ahead of the fit decision. Are sensitive to whatever the fed says or does. Yields were moving up yesterday. Seems to have come off a little bit today. Kailey you are seeing yields move lower and the curve flatten out a bit after the dramatic steepening we had seen. The bond market will be hanging on any word the fed may say about possible curve control from economists we talked to on Bloomberg Television. It does not seem like they are expecting a lot on that yield curve control, but that is definitely a market waiting and watching to see if we will get anything there. David thank you so very much. That is kailey leinz reporting on the markets. Toda