Tag: bailout

(21 July 2020)  Stocks remained buoyant to start the week after the European Union agreed to a massive $2 Trillion bailout package to combat the economic fallout of the Covid-19 pandemic. After their 30% plunge to the March 23 low, US stocks have climbed back to within just 3% of their February 19 high before the coronavirus crisis. While unemployment is still in double digits and many people are barely able to get by on reduced wages, many global markets have rallied on the huge injection of cash from...