Global markets are getting a bounce as the Senate finalizes a bailout package after the Coronavirus devastates the economy and markets around the world. The Dow Jones was up 8% at midday trading continuing the highest levels of volatility experienced in a century. These are unusual times for sure. The US ETF’s and Indexes are buoyed by cash sitting idle bargain hunting as large managers need to put money to work in this environment. Below is a shorter-term chart on the Dow Jones.
Other stocks we watch in the Cannabis, Hemp, and CBD sectors are mixed. CanaFarma (CSE:CNFA) down -17 cents today having some midday selling pressure as market makers focus capital elsewhere during the global bounce in progress.