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Over the past two days, US and global stocks have made an astonishing bounce back with the Dow Jones Industrial Average rallying 16.4% from Monday’s trough. That is more than double the average yearly return on the index going back to 1921.The return to risk has been due to the US Senate’s negotiations of a $2 trillion package designed to cushion the impact of the virus on the US economy, which finally got approved late Wednesday and passed the House overnight.US stocks recorded their first back-to-back daily gains since February 6, when the index was hovering near its record highs.... Read More
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