Job losses will NOT be anything of a surprise, we already know what to expect. So it should not take the market by any surprise.... The stimulus will be pushed through sometime today or tomorrow in my opinion. I just sold off a 1/2 of a huge short position in SMDD. After I usually do that it tends to go higher but will see what happens. The rally fading this morning was not a surprise however i do feel buyers want in ahead of this trillion dollar package deal so that's why I sold off half of my position while I wait.
I heard 2.5M. I'm wondering if it's going to be even worse, because this number is already on the street. Why the herculean effort to pass a stimulus before the number comes out? Why does the Fed choose this morning to do more QE...what changed between last Thursday and today?
Is anyone adding up these numbers? How much has the Fed shelled out--in repo and direct purchases--since the start of this crisis?