Dow Jones - 1000 Point Gain; Trump Eyes Major Stimulus

The Dow rebounded +1048 points from its biggest one-day rout since the 1987 market crash as the Trump administration stoked hopes of a major stimulus package to tackle the Covid-19 outbreak. In an effort to shore up the economy amid fears the Covid-19 outbreak will bring about a recession, the Trump administration is widely believed to put forward proposals for a stimulus package in the range of $850 billion to $1 trillion which could boost up stock prices.

The Singapore market rebounded today however the underlying stock prices weren't moving much and looks pretty lackluster. Only banks were moving a little while the rest stay sidelined here and there. See the Top 30 Volume, Genting is actively traded but down, AEM jammed there while Rex Intl react to oil prices. The ones that really moved a little are the banks but then it's very slow. Who knows there might be surprises later?

Ronald K - Market Psychologist - A Stock Market Opportunist