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Investors turn offensive amid stimulus rally, Virus spread should derail optimism, Oil higher, Gold hangs on, Bitcoin Rises

From marketpulse.com

Wall Street shrugged off the worst surge in jobless claims and delivered the best three-day rally since 1933. Investors have been comforted that the recent global fiscal and monetary stimulus efforts make this an ideal opportunity for scaling back into stocks. This rally is strong, however should struggle to keep on going since it is starting to get a lot worse in the US on the virus front. The US has more cases than either China or Italy and concerns are growing that the virus spread is about to accelerate across the country. NYC is the key epicenter in the US and concerns are high that hospital systems are going to ... (full story)

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  • Category: Fundamental Analysis