Market Watch Update 4/6/2020 โ€“ Cases Flatten, Shares Skyrocket ๐Ÿ“ฒ

๐Ÿ‡บ๐Ÿ‡ธ US: News of cases flattening in New York sends share prices skyrocketing as social distancing efforts show results.

๐ŸŒLearn more at,

๐ŸคตFederal Reserve: โ€œFederal Reserve will establish a facility to facilitate lending to small businesses via the Small Business Administration’s Paycheck Protection Program (PPP) by providing term financing backed by PPP loans.โ€

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Michaelโ€™s view: What may have been a dead cat bounce in the market as historical performance would suggest from previous recessions, the markets will recover in a U-shape as news of coronavirus will continue to be released. The markets uncertainty wonโ€™t last for the long-term and I believe now is the best time to hold my positions.

๐Ÿช U.S. Small Business: The Payroll Protection Program or PPP, offers small business lending by the Federal Reserve facilitation through the Small business administration. The loan is designed to keep workers on payroll and the SBA will forgive all loans.

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๐Ÿ“ˆ Financial Markets Overview

*Market Snapshot End of day 4/6/2020

US Stock Market โ€“ DJIA: +7.73%

Europe Market โ€“ Global Dow Realtime EUR: +4.89%

Asia Market โ€“ NIKKEI 225 Index: +4.24%

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Coronavirus News:

Statistics show signs of cases leveling off in New York City.

Stay Home,

Michael Moran

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