{"id":154740,"date":"2020-03-17T22:32:05","date_gmt":"2020-03-17T22:32:05","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=154740"},"modified":"2020-03-18T13:49:08","modified_gmt":"2020-03-18T13:49:08","slug":"markets-rise-after-governments-double-down-on-financial-assistance","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/markets-rise-after-governments-double-down-on-financial-assistance\/","title":{"rendered":"Markets rise after governments double down on financial assistance"},"content":{"rendered":"<hr \/>\n<table cellpadding=\"10\" align=\"center\">\n<tbody style=\"padding: 10px; font-family: Helvetica, Arial;\">\n<tr align=\"center\">\n<td align=\"center\"><center>This week, you missed Past Top Picks comments by <a href=\"https:\/\/stockchase.com\/expert\/view\/1241\/Jaime-Carrasco\">Jaime Carrasco<\/a> including <a href=\"https:\/\/stockchase.com\/PDL-T\">North American Palladium<\/a> (<strong>A Top Pick Jun 22\/18, Up 57%<\/strong>) <strong><a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-text\">Get Premium<\/a> to receive all past top picks opinions a few hours before market open.<\/strong><br \/>\n<a href=\"https:\/\/stockchase.com\/premium\/?utm_e-top-promo-top-picks-image\"><img decoding=\"async\" class=\"alignnone size-full wp-image-123205\" src=\"https:\/\/stockchase.com\/discover\/wp-content\/uploads\/2019\/11\/premium-button.png\" alt=\"Get Premium\" width=\"289\" height=\"48\" \/><\/a><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Discover What&#039;s Inside<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/stockchase.com\/discover\/markets-rise-after-governments-double-down-on-financial-assistance\/#Financial_Assistance%E2%80%A6\" >Financial Assistance&#8230;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/stockchase.com\/discover\/markets-rise-after-governments-double-down-on-financial-assistance\/#Locked_down%E2%80%A6\" >Locked down&#8230;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/stockchase.com\/discover\/markets-rise-after-governments-double-down-on-financial-assistance\/#Canadian_Banks_Among_Big_Gainers%E2%80%A6\" >Canadian Banks Among Big Gainers&#8230;<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Assistance%E2%80%A6\"><\/span>Financial Assistance&#8230;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Governments around the world Tuesday ramped up measures to provide immediate financial relief to citizens and inject stimulus to their battered economies. For the first time, governments like <a href=\"https:\/\/www.cnbc.com\/2020\/03\/17\/coronavirus-france-president-macron-warns-we-are-at-war.html\" target=\"_blank\" rel=\"noopener\">France<\/a>&#8216;s and Britain&#8217;s are calling the COVID-19 the enemy in &#8220;war&#8221; terms.<\/p>\n<p>In addition to previous measures, <a href=\"https:\/\/www.nbcnews.com\/business\/markets\/markets-settle-coronavirus-fears-continue-fuel-sell-n1161526\" target=\"_blank\" rel=\"noopener\">Washington<\/a> announced on Tuesday a US$1-trillion package that would literally put cash into the hands of ordinary Americans. Also, the U.S. Fed announced a new program to encourage lending, barely 48 hours after slashing interest rates to near zero. Here, Prime Minister Trudeau (who tested negative, though his wife tested positive) will convene the House of Commons on Wednesday and announce new measures.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Locked_down%E2%80%A6\"><\/span>Locked down&#8230;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>By now, virtually all North American and European countries have locked down their countries, closing their borders except to returning citizens and shutting even restaurants and bars from Paris to Vancouver. The mantra echoed in media and social media is &#8220;social distancing.&#8221; Another mantra that governments are repeating is &#8220;whatever it takes.&#8221;<\/p>\n<p>The sum of all this furious activity brought some comfort to investors Tuesday.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Canadian_Banks_Among_Big_Gainers%E2%80%A6\"><\/span>Canadian Banks Among Big Gainers&#8230;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Dow soared over 1,000 points, while the S&amp;P and Nasdaq leapt 6% or more. The TSX gained 4.44%, still dragged down by plunging oil prices driven by the Saudi-Russian feud. Canadian banks were among the day&#8217;s big gainers with <a href=\"https:\/\/stockchase.com\/RY-T\">Royal Bank<\/a> up 3.41%. <a href=\"https:\/\/stockchase.com\/AMZN-Q\">Amazon<\/a> rallied over 7% on hopes that Americans will order more stuff now that they are sequestered at home.<\/p>\n<p><a href=\"https:\/\/stockchase.com\/COST-Q\">Costco<\/a> enjoyed an 8.41% bump as Americans continue to load up on supplies. Meanwhile, mineral stocks continues to act as a safe haven. <a href=\"https:\/\/stockchase.com\/SVM-T\">Silvercorp<\/a> exploded by 41%. Anything stock named &#8220;gold&#8221; or &#8220;silver&#8221; was up 10, 20 or 30%, such as <a href=\"https:\/\/stockchase.com\/AGI-T\">Alamos<\/a> (31.25%).<\/p>\n<p>Looking ahead, however, all this economic damage and the government money throw at it is leading more and more analysts to utter to R word, recession. It is a growing possibility, though the consensus is that it will be a short, mild one that won&#8217;t result in vast layoffs.<\/p>\n<p>&#x1f3db; <a href=\"https:\/\/stockchase.com\/RY-T\">Royal Bank<\/a> +3.41%<br \/>\n&#x1f4e6; <a href=\"https:\/\/stockchase.com\/AMZN-Q\">Amazon.com<\/a> +7%<br \/>\n&#x1f6d2; <a href=\"https:\/\/stockchase.com\/COST-Q\">Costco Wholesale<\/a> +8.41%<br \/>\n&#x1f948; <a href=\"https:\/\/stockchase.com\/SVM-T\">Silvercorp Metals Inc.<\/a> +41%<br \/>\n&#x1f947; <a href=\"https:\/\/stockchase.com\/AGI-T\">Alamos Gold Inc<\/a> +31.25%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, you missed Past Top Picks comments by Jaime Carrasco including North American Palladium (A Top Pick Jun 22\/18, Up 57%) Get Premium to receive all past top picks opinions a few hours before market open. Financial Assistance&#8230; Governments [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":345019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-154740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/154740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=154740"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/154740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=154740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=154740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=154740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}