Shesa's APRIL 2020 Investment Blog
April 2020 - INVESTMENT BLOG By Shesa Nayak U.S. Stock Market Update The stock markets all over the world have been rattled by COVID-19 resulting in unprecedented volatility. Most of the stock indexes saw a decline of more than 30% before bouncing back and recouping some losses. United States has not experienced this magnitude of layoffs and economic contraction since the Great Depression. More than 22 million Americans have filed for unemployment benefits in the past four weeks. We have seen a rapid and unprecedented deterioration of U.S. economy due to COVID-19. Last month, Congress approved $2 trillion economy stimulus package to help combat fast deteriorating economy. The package is expected to help individuals, small business and some large business which are hit hard due to COVID-19. In addition, the Federal Reserve unveiled over $2.3 trillion stimulus into a U.S. economy in new loans to keep the economy afloat in the aftermath...