Markets down as anticipated stimulus package gets delayed

Commenting on the anticipated stimulus package getting and today’s trading Gorilla Trades strategist Ken Berman said:Q4 2019 hedge fund letters, conferences and moreS&P 500 Hits New LowsWhile the relatively strong Nasdaq barely lost ground today, the Dow and the S&P 500 hit new bear market lows with especially the financial sector dragging the benchmarks down. The S&P 500 and the Dow hit their lowest levels since late-2016 as the woes regarding the financial sector’s profitability got stronger in the wake of the Fed’s unprecedented move, causing an exodus out of the shares of large-cap banks.T…

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