(24 March 2020)DAILY MARKET BRIEF 1: Equities rebound on Fed’s unlimited asset purchases.

<p>Another surprise Federal Reserve (Fed) intervention yesterday helped curbing losses in New York, but the S&amp;P500 and the Dow closed the day circa 3% lower, and Nasdaq was flat. Investors have their hopes tied to the $2-trillion rescue package that needs to get signed by the Congress, yet apparently there are controversies among policymakers on how to spend this money. House Speaker Nancy Pelosi says the help is destined to corporations first, not workers and their families. While spending on climate change related issues are said to pull politicians apart and prevent the deal from getting signed. Yet a delayed deal is damaging for both parties, especially now that the coronavirus-induced lockdowns accelerate across the United States as well.</p>