🇺🇸 US: The $2 trillion stimulus bill has passed and American’s who qualify will receive a paycheck from the federal government. Many individuals will receive $1,200 while many married couples will receive $2,400.
Unemployment claims rose to an all time record high at 3.2 million. Strangely the Dow Jones Industrial Average rose on Thursday before correcting back to the bear territory representative of this time period.
The economy will be in a recessionary period for a while similar to a U-shaped curve. Many analysts believe it will take a couple years to see the record stock market highs we saw before the virus hit.
Michael C. Moran