Stock Market Analysis [4/2/2020]

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preciousfragrence
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Volatility today, but we finished up.

And we could have easily finished down. 6.6m jobs lost vs 3.1m. Huge.

Hopefully those people will get back to work around April 30th when the economy turns on. And we have reason to believe that, this stimulus package will be providing many retail and small businesses with lots of funding.

If you saw my story the other day, you saw me tell my clients today was a crucial day. If we finished down 3-4% two consecutive days, that would be a very bad signal.

We didn’t finish down today, a day where the market could have said “economic fundamentals are worse that expected” and sold off aggressively.

This tells me we’re around a phycological bottom. Everyone knows everything is crazy right now, and the market is forward thinking, so they’ve factored it in.

Nibble on the way down.
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