Mottek On Money (March 27th, 2020)

Mottek On Money
Friday, March 27th
Another week of extreme moves for the stock market, this time on the upside as investors cheer new moves by the Fed as well as the $2.2 trillion coronavirus rescue package approved by congress and signed into law by the President. The Dow pulled back 900+ points on Friday, but despite that ended up 13% for the week, it's biggest weekly percentage gain since 1938. A mid week 3 day rally sent the Dow up by nearly 4000 points. Entire sectors of the economy remain shut down during the current coronavirus emergency sending weekly jobless claims to all time highs. Analysis of another epic week from Dr. Mohamed El-Erian, Chief Economic Advisor, Allianz, former PIMCO CEO in Newport Beach and Art Hogan, Chief Market Strategist, National Securities. Jeff Lazerson, President, Mortgagegrader on nervous times in the real estate business with the economy on lockdown and unemployment on the rise. Los Angeles business and civic leader Matt Toledo, CEO, Provisors on how the business networking organization has pivoted fast to online networking in response to the coronavirus emergency.  

 

 

 

 
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