Stimulation, round 2!
The White House has signed a second COVID-19 bailout bill totaling $ 900 billion. This is a few days after discussions between the parties and a lot of uncertainty. Public opinion is mixed, with some arguing that the $ 600 offered to each American isn’t enough, while a partial government closure will begin on Tuesday if the bill isn’t signed, leaving many Americans behind. Some people point out the fact that Without anything. Anyway, so far, the market has been moving positively in response, with the S & P 500 up 0.6% and the Nasdaq up 0.5%.
The effects of this stimulus bill were widespread in the section of the bill that funded vaccine distribution and schools – a potential nod for resumption. In addition, gold and silver futures prices rose after the announcement, probably because precious metals are being used as a hedge against inflation, which tends to occur when money is injected into the economy.
The package has just passed and no long-term effects have yet been seen, so we need to wait patiently and continue to expect the best.
I am not a financial adviser. My comments should not be taken as financial advice. There are risks associated with investing, so be sure to conduct a survey and analysis in advance.
Stimulation, round 2! 💰
https://invstr.com/stimulus-round-2/ Stimulation, round 2! 💰