(25 March 2020)DAILY MARKET BRIEF 1:Equities doped with unprecedented fiscal, monetary stimuli.

<p>US Congress passed the much-expected $2-trillion fiscal stimulus package, the largest in the US history, to fight the coronavirus-induced economic slowdown and to halt the heavy bleeding across the financial markets. We don’t have details about how this colossal amount will be spent, but the package certainly involves an expansive aid for a large pallet of the population, ranging from small to big businesses, from direct checks to households, unemployment insurance to tax deferrals to help Americans navigate the shaky waters with minimum financial damage.</p>
<p>Is this package an economic vaccine to the virus? It is too early to tell, but the kneejerk market reaction is rather cheery. The Dow closed Tuesday’s session 11.36% higher, the S&amp;P500 and Nasdaq rallied 9.38% and 8.12% respectively to welcome the stimulus package, along with the limitless asset purchases program announced by the Federal Reserve (Fed) a day earlier.</p>