Markets

Another Big Stimulus Package is Days Away

Another Big Stimulus Package is Days Away

(Washington)

Investors are wondering how we are going to escape this exhaustingly choppy market. Markets are fighting higher generally, but it seems like 2 steps forward, 1.9 steps back. So how we will we break out of this mode? The answer might be another $1 tn+ stimulus package from the government. Some are skeptical this will happen because many believe Demcorats in the House don’t want another package because it might help Trump’s chances. That seems to be short-sighted analysis, as Democrats need another package to help avoid layoffs in key states they want to win, which could jeopardize their odds. Republicans want more stimulus to aid in their various reelection bids.


FINSUM: Both sides want a package. The big issue seems to be the continuation and size of expanded unemployment aid. Rumor is a deal might come before July 31st.

  • stocks
  • stimulus
  • bull market
  • covid
  • recovery
  • S&P 500

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

    Latest Markets Videos

      FINSUM

      FINSUM is the market leader in financial news summaries. We save investors time and money by getting them the info they need quickly and efficiently, delivering concise summaries and hard-hitting analysis of the day's top market-moving news. FINSUM is written by an experienced team with a background in bond trading and equity research at top investment banks.

      Learn More