Four Tailwinds Set To Fade
Four Tailwinds Set To Fade Macro Tides Weekly Technical Review 03 May 2021 Four tailwinds developed after the Pandemic effectively shut down the U.S. economy. These tailwinds allowed the stock market to look forward rather than focusing solely on the widespread economic dislocation the Pandemic caused. The Federal Reserve slashed its policy rate to 0%, opened special facilities to provide liquidity to market sectors that were shutting down, and expanded its balance sheet from $4 trillion to $7 trillion. Congress quickly passed the $2 trillion Cares Act in March 2020 and the $484 billion Payc...
Source: econintersect.com