The Strength of the Market is: Weak but Strengthening
Markets are trying to recover. Last week, the 'Coronavirus Aid, Relief, and Economic Security Act' (CARES) was passed and signed into law - the largest-ever stimulus. Hopefully, this legislation will help to address the economic fallout from the COVID-19 pandemic. Even with a record number of unemployment filings, the stimulus package excited investors - sparking one of the best weeks in stock market history. Many factors - health and economic - still remain uncertain. And, as more virus news and economic statistics are released, expect a bumpy market ahead, especially, over the next 1-2 months.
Our 'Strength of the Market' view has slightly increased to: Weak but Strengthening