Time to Buy?

The Dow serves as a pretty good barometer of the seriousness with which our political leaders have treated the COVID-19 crisis.  As it has approached the 2016 election levels, there has been a discernible shift in the tone of comments and measures undertaken by the president, congress and the Fed.  Here are just a few comments/actions which have come out of the White House and Fed over the past month.As DJI tagged our 18974 target, we started looking for a bounce. We’ve seen the early stages of one forming, especially in ES. We’ve even seen some managers brazenly declare that this is a real buying opportunity. But, we’ve been down this road before.  Can the bounce last?

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