CIO Daily Market Update with Will Bartleet
CIO and multi-asset portfolio manager at Pacific Asset Management
Equity markets soared on Tuesday in anticipation of the $2 trillion fiscal stimulus package being approved by the US senate. The Dow Jones Composite, America’s oldest index, had the largest gain since 1933. The House Democrats made a counterproposal for a spending plan that amounts to $2.5 trillion.
President Trump followed up yesterday evenings comments that “America will again — and soon — be open for business,” by saying that “I would love to have it open by Easter,” Many questioned both his authority to carry out these instructions, and whether they would be listened to by the general public. As of Tuesday morning, approximately half the US population are being told to stay at home by their local governors.
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