Ben Mohr, CFA
Director of Fixed Income
In response to the Fed’s emergency rate cut of 100 basis points over the weekend that brought the target fed funds rate to 0.00%–0.25%, the S&P 500 plunged 12% on Monday (March 16th). This is likely a sign that the markets believe that monetary stimulus is not enough to stave off a coronavirus-triggered recession.
The following newsletter includes Marquette’s assessment of the situation as well as perspectives on liquidity, fiscal stimulus, positioning, and expectations for the economy and financial markets in the coming months.
As we have seen in past market downturns, almost all risk assets feel some degree of pain as correlations trend…
As mentioned in last week’s chart, the number of Americans filing for unemployment over the past few…
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