Does Tuesday's huge rebound mark the bottom for markets? Investors says one key piece is missing [CNBC]
AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD)
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | REUTERS In market terms, think of the coronavirus sell-off as a three-legged stool where if one of the legs isn't firmly attached, the whole thing will tip over. The first leg is monetary policy, and that comes in the form of rock-bottom interest rates and a slew of programs aimed at keeping the markets functioning properly and funneling money to businesses and individuals who need it. That is well in place thanks to the Federal Reserve over the course of the last two weeks. The second is fiscal policy, or the dollars that will be directed specifically to needy areas The final, and most important, part of the stool, though, remains in the workshop. That's some kind of assurance that the virus has been contained Until that happens, rallies like the 10% violent upswing in the Dow Tuesday "At some point, we're going to see a decoupling from the health care headlines and the
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