Shares Soar as Volatility Flops; Is it a Bear Market Bounce?
STOCK MARKET FORECAST: STOCKS SKYROCKET & VOLATILITY WILTS ON FED LIQUIDITY, CORONAVIRUS STIMULUS OPTIMISM – IS THE SELLOFF OVER?
- S&P 500 Index, Dow Jones and Nasdaq surge on Wednesday because the US inventory market benchmarks rebound for the second consecutive buying and selling session
- FOMC asset purchases and the Fed liquidity backstop, mixed with hopes for a $2 trillion coronavirus stimulus package deal, probably fuels the restoration in shares
- The VIX and different cross-asset volatility benchmarks are beginning to slide after spiking to ranges not seen for the reason that global financial crisis
Shares continued their restoration try on Wednesday in an extension of positive aspects recorded throughout the earlier session. As equities begin to stage a rebound from their latest plunge, which got here in response to the coronavirus pandemic and heightened recession risk, the S&P 500 Index, Dow Jones and Nasdaq at the moment are up 14%, 18% and 10% respectively since Monday’s shut.