Investors are “way too enthralled” with trying to figure out what the shape of a recovery will look like, says one BMO strategist. “Stop trying to figure out whether or not it’s an ‘L’ or ‘V,’ and just let the market and the companies come back and get back to business,” Brian Belski, chief investment strategist at BMO Capital told Yahoo Finance....
Gold prices surged higher on Thursday following an announcement by the Federal Reserve that they would increase their programs to support small businesses. Yields moved lower helping to buoy the yellow metal after the Labor Department reported a larger than expected increase in US jobless claims. This is the 3-straight multi-million person increase in initial jobless claims pushing continuing claims to an all-time high....
(Bloomberg) -- New York state reported the fewest hospitalizations since the outbreak began even as it recorded the most deaths in a 24-hour period. The top U.S. infectious-disease expert said the final death toll may be lower than earlier estimated.Spain is poised to extend a nationwide lockdown, a step also being considered by Italy. U.K. Prime Minister Boris Johnson was taken out of intensive care and moved back to the main hospital ward.Stocks rallied after the Federal Reserve acted to provide as much as $2.3 trillion in aid, even as huge numbers of Americans again applied for jobless benefits.Key Developments:Global cases top 1.5 million; deaths pass 90,000: Johns HopkinsSpain, Italy to extend lockdowns amid persistent rise in casesCostly CT scans filling virus testing void for U.S. doctorsUBS, Credit Suisse will split payouts for 2019 into two installmentsSouth Korea’s CDC says virus may “reactivate” in cured patientsN.J. Expects Peak in 2 to...
