The Impact Of The Decreasing Fiscal Stimulus

Commenting on the impact of the decreasing fiscal stimulus and today’s trading Gorilla Trades strategist Ken Berman said:Q2 2020 hedge fund letters, conferences and moreThe major indices are all trading higher at midday following a choppy but unusually active morning session for a Fed-day. The Nasdaq pulled back following two bullish sessions, but small-caps and cyclicals started out the day in a bullish fashion despite the one-month high in the number of new U.S. COVID cases. Eli Lily’s (LLY, +1.7%) encouraging announcement regarding its antibody treatment has been helping the hardest-hit ind…

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HEDGE accordingly