No bottom until the virus tops

This is how I feel right now. Yesterday, Batnick asked me if I thought Monday’s thrashing might have represented the bottom for the S&P 500. I don’t. I also don’t see this morning’s agreement in Congress as “stimulus.” I see it as a rescue. Stimulus is what you do for a slowing economy. This is an economy that’s gone into cardiac arrest. So we’re taking out the paddles t...

The post No bottom until the virus tops appeared first on The Reformed Broker.

source https://thereformedbroker.com/2020/03/25/no-bottom-until-the-virus-tops/