by Gregory Mannarino On 24 April, Treasury Secretary Steve Mnuchin affirmed what I stated would happen over a month ago: “The U.S. government will be taking stakes in energy companies.” Mnuchin’s statement was backed by President Trump, who stated: “The energy companies need help.” Keep in mind these are publicly traded companies which have been...
Tag: apr 28 2020
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U.S. MARKETS
Despite the greatest economic lockdown in world history, the Dow Jones Industrial Average built on Friday’s gain of 260 points, adding another 358 points yesterday to close above the market makers 24,000 milestone at 24,133 on speculation that the broader economy is moving closer to reopening. The NASDAQ added 95 points, ending the day at...