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by jdhn
2200 days ago
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Absolutely unreal. Either things are worse than people are letting on, the Fed is simply refusing to let the market drop any further due to optics, or both. I hope anybody who is bearish on stocks has closed out any short positions because at this point, I can't see how stocks will be allowed to go down. |
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At the end of July, when the CARES Act unemployment benefits expire, people will have to tap into savings to pay their living expenses. If those savings are held in the form of equity (via Robinhood or whatever), then the markets will face a substantial amount of selling pressure.
At that point the corporate bond purchases make little difference.