Which way will markets go in coming weeks?
In the next couple of weeks, USA will decide whether to do another stimulus. I guess the number that is being tossed around is $1. 2 trillion, but Democrats want it to be higher.
Also, USA will decide whether to let the unemployment payments stop. Right now, the $600 weekly unemployment checks are scheduled to stop on July 31. Republicans want these payments to end, because these payments are discouraging people from going back to work.
However, the virus continues to ravage the USA. Seems like 21 states have decided to delay their reopening to varying degrees.
Jamie Dimon, the CEO of JPM, said that this could totally go either way, way up or way down. He said there is no one way anyone can know which way this will go.
What do you guys think? Should we stay in the markets, or bail now?