A dark one
Economic assessment by the US Federal Reserve and the fear of
A second corona wave hit the US stock market on Thursday
pulled further down. The leading US index Dow Jones Industrial
most recently fell by 5.39 percent to 25,533.53 points.
Fed Chairman Jerome Powell had already attended
Midweek in the face of the severe economic crisis resulting from the
Corona pandemic found clear words and said that a significant one
Part of the job loss could be permanent. In addition came on
Thursday now new infection numbers in the corona crisis: in some
southern states, including Florida and Texas, rose
New infections again.
At the start of the week, the Dow Jones was still 27,580 points
highest level since the end of February. That was a plus of more
than 50 percent since the Corona crash low in March. Not less
Stockbrokers had already seen the market overheat due to the
Flood of cheap money spoken by the central banks that have nothing to do with
real economic prospects. The Powell statements
investors now seem to have been brought back a little bit to reality
to have.
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