-
Virus impact and blocked stimulus bill sink risk appetite, Oil bears laugh at Texas-OPEC hopes, Gold resumes safe-haven role, BTC's problem
Wall Street closed out last week with some optimism, US stocks were showing signs of stabilizing, hopes were high that Congress learned lessons from the Global Financial Crisis that would suggest bipartisanship would deliver a swift response in getting a stimulus agreement done. Global equities got off to another terrible start after Democrats blocked the Senate’s coronavirus economic response rescue package. Risk aversion appears here to stay as investors become more fearful that this could be the worst global recession during peacetime. Volatility was supposed to start to calm down as central banks unleash a ... (full story)
