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A $2 trillion emergency relief package, plus a merging of Federal Reserve and Treasury functions to allow for significant quantitative easing and repo activity, is putting a floor under stocks, potentially enabling them to climb a steepening wall of worry.
On March 27, I wrote an extremely oversold market favors short-term and long-term buyers, but that a murky mid-term makes it smart to avoid chasing what could be a short-lived sugar high. My advice remains unchanged: Avoid margin, proactively plan your entries, and keep an eye out for shifting sector and industry leadership. After