Plunge Protection Team Working Overtime

Keith Schneider | March 29, 2020

US stock indexes Market’s bounced up around +11% with a little help from the Fed and a touch of emergency funding from Capitol Hill ($2 trillion). Meanwhile, the virus’s infection rate continues to explode, with NYC the epicenter.  This week’s takeaway is the Plunge Protection Team efforts to prop up the markets worked (for the moment) while virus containment efforts not so much. The biggest question hanging in the ether is will the fiscal and

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