Mar 23, 2020
Fed Package Is Up To $4 Trillion In Loans To Businesses
Meanwhile, the coronavirus curve in China is flattened. Wuhan, the Chinese city where the virus originated, is not in a lockdown anymore.
The lockdown in the Hubei province capital lasted 50 days. Some analysts conclude that based on this case, the U.S. economic activity may return to be normal by May 2020. The FAANG group has led the last 11 years uptrend in the stock markets.
These companies also could gain from the ongoing coronavirus epidemic. Netflix might be benefitting from increased demand for at-home entertainment. Many people are sitting at their homes and the number of users is rising. A lot of companies switched to remote working from home. Google and Microsoft offer products that can make remote work easier and more productive.
This week might be crucial in terms of massive intervention from central banks to calm the panic in the markets and trying to return to normal economic activity.
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