CIO Market Update with Will Bartleet
CIO and multi-asset portfolio manager at Pacific Asset Management
Equities rallied for the third consecutive day as investors brushed off the news that a record 3.3 million Americans lost their job last week. Federal Reserve Chairman Jerome Powell reassured the markets that the Fed will provide sufficient credit to the economy. “When it comes to this lending we’re not going to run out of ammunition. That doesn’t happen.”
The European Central bank also announced that there will no longer be limits on its Pandemic Purchase Program.
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