Fed stimulus package to benefit Elixir, page-6

Thanks for playing the Devils Advocate Jake. Other Elixir investors will benefit from the discussion.

Is The Australian authoritative enough for you Jake? They are running the same story because it is factual. And don’t underestimate Trump, Many did before he was elected president. Many sounded just like you but are now in the political wilderness. Trump is a winner and is good for the markets and Elixir.

https://www.theaustralian.com.au/business/markets/us-federal-reserve-will-act-as-appropriate-to-support-economy/news-story/afce76cebb6356bb76fd832eb3549262

”The fundamentals of the US economy remain strong. However, the coronavirus poses evolving risks to economic activity,” Mr Powell said in a statement released Friday afternoon. “The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.”

Not sure how long you have been in the market Jake but when the Fed speaks the markets listen - and when they cut rates it can be the catalyst for a multi-year bull run.

”The Fed used similar language last June to indicate it was prepared to cut interest rates if needed after the US-China trade war threatened to aggravate a global slowdown. The central bank subsequently cut interest rates three times, most recently in October to a range between 1.5 per cent and 1.75 per cent.”

”Now, as outbreaks have spread on other continents, investors expect the Fed to cut interest rates by at least a quarter percentage point – and possibly more – at their March 17-18 meeting, if not sooner.”