Powell Struggling, Not Shrugging

Keith Schneider | June 21, 2020

US Equity Markets closed up on the week, led by the NASDAQ 100 which was up +3.5%. The news of a spike in the spread of the virus, triggered Apple to close stores in several states. That hit the tape late Friday and equity markets promptly sold off, closing on their daily lows. The rally early in the week fizzled after the Fed announced that it will directly buy corporate debt (or any financial asset),

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