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Stock impact report

Fiscal stimulus talk is the main mover of the market [CNBC]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: CNBC
for airlines.  for cruise ship operators.  And shale operators.  Vague talk of payroll tax cuts that would last through the end of the year. Stocks are moving on hopes of fiscal stimulus in the absence of market-moving coronavirus news. Take Royal Caribbean Not just cruise ships and airlines rose — even Hertz No matter. Hyatt Marriott Visa Mastercard Same with .  Vague reports that the president was likely to seek aide for shale companies helped lift Continental Resources Hess, Pioneer Natural Resources Another big mover:  banks.  The SPDR Bank ETF As for the rest of the market, it's the same problem.  Stocks trade on a multiple of future earnings.  No one has a clue what future earnings, six to 12 months out, are going to look like, so the markets are swinging all over the place. Because of the extreme uncertainty, the usual internal signs of a market bottom — extreme oversold conditions, the CBOE Volatility Index Some traders are looking at trading ranges in a worst-case scenario:  Show less Read more
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