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📰 Conscious Capital Insights for 04/17/2020
Institutions are aggressively buying U.S. equities, while retail investors sit on sidelines (Bloomberg / AAII)
As the Fed enacts historic monetary policies to provide liquidity to financial markets, money flows suggest that institutional investors are increasing their domestic equity allocations. Retail investors, however, remain bearish and are likely allocated to cash according to the AAII sentiment surveys.
Coronavirus job losses likely to eclipse jobs created since Great Recession; Washington plans for additional fiscal support (CNBC / Business Insider)
It took only four weeks for the U.S. economy to wipe out nearly all the job gains in the last 11 years. As the COVID-19 crisis continues, House Democrats are pushing to pay Americans $2,000 a month during the duration of the pandemic. Trump has also signaled support for a 2nd round of payments.
OPEC+ reaches deal to cut oil production by 9.7 million barrels per day (CNBC)
Saudi Arabia and Russia have set aside their differences and negotiated a major deal with other oil producing nations. They will cut oil production by 9.7 million barrels a day in an effort to stabilize the drop in energy demand created by COVID-19.
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