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S&P 500 Second Worst Week in Recent History, The Stimulus Wave Keeps Coming
S&P 500, Dollar Talking Points:
• The S&P 500 ultimately suffered its worst week’s decline, at -15%, since October 2008 – which was itself a modern day record
• Waves of stimulus and systemic financial support continue to be announced on a daily basis such as UK wage coverage, Fed swap lines and RBA stimulus
• An update from the BIS reported the US Dollar was on one side of 88% of all trades, which suggests its charge holds serious consequence for the world
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