Also of interest…the fed is now carrying 889B of cash, nearly 400B more than the beginning of the month, and $500B more than they had a year ago…so they are definately gearing up to spend.
We still have massive amounts of uncertainty for the full year. There is already talk of another $500B of spending and it will be a few months before the revenue hit % is apparent and we are able to zero in on an accurate prediction. Big question in my mind is…when will we really start the economy back up…and how fast will it come back if it does at all.
