As investors return from the weekend, stock markets again look to be volatile. While disappointed investors wait for Congress to settle their political differences, the Federal Reserve (Fed) announced a barrage of programs to support the financial markets. Investors remain hopeful that Congress can come together to pass a much-needed fiscal stimulus plan to combat the financial implications caused by COVID-19. They also hope that the Fed’s measures help the financial markets operate more efficiently in the meantime. The ever-changing fiscal and monetary stimulus picture targets economic disruption caused by the virus. However, significant market improvement may not occur until we see positive news on the transmission of the virus.
For more insights, download our full commentary.
Commentaries are published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
Want more insights like this, sent straight to your inbox?
Subscribe to email updates from Cetera and be well informed about what’s happening within the market and the financial services industry overall.