SPX: Market MoversGood morning everyone,
Below is a list of some of the events that have most influenced the movements of the American stock index from the beginning of the Pandemic to today.
The same events can also be used to accompany the movements of other indices to study their effects.
Apart from some unforeseen events, everything revolves around and is supported by what is decided by US policy in Congress and by the Federal Reserve.
The factors that worry the markets most are the uncertainties about the fiscal and monetary policies of the main western economy.
1) March 6: US Congress approve $8.3 billion Emergency Coronavirus Spending Package ;
2) March 15: FED announce approximately $700 billion in new quantitative easing (QE);
3) March 18: US Congress approve $192 billion Coronavirus Emergency Aid Package ;
4) March 23: FED announce “unlimited” quantitative easing (QE);
5) March 25: US Congress approve $2.2 trillion CARES Act ;
5a) April 8: Biden became the presumptive nominee after Sanders, the only other candidate remaining, withdrew from the race;
6) April 28-29: FOMC Meeting;
6a) May 8: The national unemployment level reaches 14.7%, with more than 33 million jobless claims having been filed since mid-March;
7) May 25: George Floyd protests;
7a) June 5: Biden surpasses the required 1,991 delegates to win the Democratic nomination;
8) June 9-10: FOMC Meeting;
9) July 28-29: FOMC Meeting;
9a) August 11: Biden announced that former presidential candidate Senator Kamala Harris would be his running mate;
9b) August 17-20: Democratic National Convention;
10) August 27: FOMC Statement on Longer-Run Goals and Monetary Policy Strategy;
11) August 31: Softbank;
12) September 14-15: FOMC Meeting;
13) November 3: US Presidential Election; BUILD BACK BETTER AGENDA;
14) November 4-5: FOMC Meeting;
14a) November 9-16: End Phase III vaccines Pfizer, Moderna and AstraZeneca;
15) December 15-16: FOMC Meeting;
16) December 21: US Congress approve $900 billion in relief (Consolidated Appropriations Act);
16a) January 6-7: United States Capitol attack;
17) January 14: first proposed $1.9 trillion American Rescue Plan Act of 2021;
18) January 26-27: FOMC Meeting; GameStop short squeeze begun;
19) February 2: Democrats in the United States Senate started to open debates on a budget resolution that would allow them to pass the stimulus package without support from Republicans through the process of reconciliation;
19a) February 9: Second impeachment trial of Donald Trump begins;
19b) February 13: Trump is acquitted;
20) March 4: The Senate takes up debate on the American Rescue Plan Act of 2021;
20a) March 11: US Congress approve $1.9 trillion American Rescue Plan Act of 2021;
21) March 16-17: FOMC Meeting;
22) April 27-28: FOMC Meeting;
23) May 7: Colonial Pipeline ransomware attack;
24) May 10: Israel-Palestine Conflict Intensify;
25) June 8: US Congress pass The United States Innovation and Competition Act of 2021 (USICA), $110 billion;
26) June 11-13: G7 Summit;
27) June 15-16: FOMC Meeting;
28) July 14: retreat from Afghanistan;
29) July 27-28: FOMC Meeting;
30) August 10: Senate passes $1.2 trillion Bipartisan Infrastructure Bill;
31) August 31: Evergrande;
32) September 21-22: FOMC Meeting;
33) October 30-31: G20 Summit;
34) October 6: Congress Passes Bill To Raise Debt Limit By $480 Billion;
Hope the above is of interest but if you have any queries please do not hesitate to ask.
Good luck everybody!
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
