Part one of this bear market was the mass liquidation that occurred upon confirmation that the world failed to contain the coronavirus pandemic. Now, markets are rallying as case counts plateau and governments are proposing a May-June timeline for citizens to return to work. They are also rallying on the Fed balance sheet expansion of $1.77 trillion in as little as four weeks. For perspective, this is enough money to give every U.S. citizen over $5,000. It is also 2.5 times what the U.S. spent fighting World War I in today's dollars.
(Source: WolfStreet)