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Congressional leaders and the Trump administration need to push through a fiscal stimulus deal immediately and not fight over details, Ronald Kruszewski, the chairman and CEO of Stifel said on “Power Lunch.” “We need the fiscal stimulus. I don’t care what the heck the plan is at some point. Get one announced. Whether it’s $1,000, $2,000, bailouts, whatever. The market needs some certainty and some action,” Kruszewski said.”That’s a message to Washington. Why we don’t have a fiscal deal done because there’s some political partisanship is ridiculous. This needs to be announced today,” he added. âPound
Investor Bill Miller said during Wednesday’s violent market dive that the current climate is one of the best buying opportunities of his lifetime.Â “I think this is an exceptional buying opportunity,” Miller said on CNBC’s “The Exchange” on Wednesday. As Miller was speaking, trading was halted because the S&P 500 fell more than 7%, triggering the level 1 “circuit breaker.” – Fitzgerald
More than 30 stocks traded lower at the New York Stock Exchange on Wednesday for every advancing stock as the coronavirus crisis sell-off reached a new low. In total, more than 2,900 stocks were down at the NYSE while 95 traded higher. âImbert