The U.S. Treasury, the Federal Reserve, and the U.S. banking agencies have taken an array of steps to help stem the market fallout from the COVID-19 crisis. Some of these steps are modeled on the playbook deployed in the last financial crisis; many of these steps go beyond those taken in the last financial crisis as the issues permeate the real economy.

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January: Cold Temps, Hot Markets

Thanks both to improving sentiment – case study: Nasdaq’s 2% jump following the Fed’s 25 bps rate rise on Wednesday.