economicstimuluspackage
The S&P 500 closed down for the third consecutive day (Dec. 22), despite Congress’s long-overdue approval of an economic stimulus package. Q3 2020 hedge fund letters, conferences and more News RecapThe Dow Jones declined 200.94 points, or 0.7%, to 30,015.51. The S&P 500 closed down for a third consecutive day and fell 0.2%. Reflecting a return to the “stay-at-home” tech trade, the Nasdaq gained 0.5% on the day (Dec. 22). The small-cap Russell 2000 index managed to outperform yet again, rising 1.01%.Congress finally voted on and approved a $900 billion stimulus package to aid struggling America...
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Those who do not remember the past are condemned to repeat it. – George Santayana Q2 2020 hedge fund letters, conferences and moreWhen President Franklin Roosevelt took office during the depths of the Great Depression, he knew that the times called for extremely drastic action. During a period of just one hundred days, he shepherded through Congress a massive government spending program which created jobs for millions of the unemployed.Four years later, when our economic recovery still had a long way to go, Roosevelt reverted to that old-time-balance-the-budget-religion, and our economy quickl...
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