Stocks won’t recover from the coronavirus fallout until a stimulus package is passed, Invesco predicts

If coronavirus infections decline and Congress passes a fiscal stimulus package, Invesco’s Kristina Hooper says, stocks will make a sustainable comeback.

She made the call as the Dow was plunging into a bear market, which reflects a 20% or more drop from 52-week highs.

“I don’t think we’ve hit a bottom yet,” the firm’s chief global market strategist told CNBC’s “Trading Nation” on Wednesday.…

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