Searching For A Bottom: Global Weakness Spills Into U.S. Despite Calls For Stimulus

Searching For A Bottom: Global Weakness Spills Into U.S. Despite Calls For Stimulus

Crude plunges to 17-year lows as market braces for huge supplies, little demand. Yesterday's calls for fiscal stimulus were welcome, but don't necessarily stop all this from playing out and can't fight a virus.. People aren't just taking money out of stocks and putting it into bonds.. Until there's more sign of the crisis easing, investors probably have to stay buckled in and hope for some sort of good news.. The Fed's been busy since, and the market seemed to like what it saw Tuesday morning as the central bank announced new strategies to buttress short-term lending.. Good news and bad news from the corporate world helped keep things pretty choppy much of Tuesday before that final upward race to the finish line.. Some companies in the industry are completely closing hotels and furloughing workers.. One thing to potentially look for if you're following the market as a whole is whether some sectors start to diverge rather than everything selling off at once.. Banks were a sector that did comparatively well on Tuesday thanks in part to the Fed and administration's monetary and fiscal stimulus plans.. Volatility isn't taking a seat but the Cboe Volatility Index (VIX) did ease Tuesday