Thursday, stocks rose yesterday. Who's afraid of a little coronavirus? That may have been an incorrect analysis. It now looks like the conspiracy theories may have not been so far off the mark.China changed the method used to count cases and the new method resulted in the number of cases jumping by 50%. I am attaching the link to John Hopkin's web site again this link tracks coronavirus cases.
The Chairman of the Federal Reserve completed his report to Congress yesterday. To summarize and simplify his 2 days of testimony he said higher interest rates are no longer an option because they would crash the economy. Someone said and I believe the next recession will bring helicopter money or MMT if you prefer.