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Stock impact report

Federal Reserve just saved the stock market from the worst of the coronavirus pandemic —it may be time to invest again [Yahoo! Finance News]

Diamond Hill Investment Group, Inc. - Class A (DHIL) 
US:NASDAQ Investor Relations: ir.diamond-hill.com
Similar to the case during the depths of the Great Recession, the Federal Reserve has probably just saved the stock market from the very worst outcome at the hands of the coronavirus pandemic.What is that most undesirable outcome being debated by Wall Street strategists for weeks now? A re-test of the March 23 lows on the , and perhaps another 20% downside from that point. But now, that may be off the table.The Federal Reserve on Thursday unveiled plansMoreover, the Fed will expand the scope of its Term Asset-Backed Securities Loan Facility TALF) program to include triple-A rated tranches of both outstanding commercial mortgage-backed securities and newly issued collateralized loan obligations.Overall, these are truly unprecedented actions by the Fed designed to shore up confidence in asset markets — but also the path of the real U.S. economy post-coronavirus peak — as the disease wages a war against civilization. The efforts by the Fed today should make the horrendous economic data t Show less Read more
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