Weekly Market Snapshot – December 21st, 2020
Created by: Sam Tenney
- As of Sunday, December 20th, congressional leaders have agreed on a $900 billion fiscal stimulus agreement. The bill included a further $600 in direct economic impact payments and a provision to raise the government debt ceiling. ¹
- US Listed IPO’s this year have greatly overperformed, with a record $175 billion in first day offering volume for the year and an average first day return of 40% for the initial offerings.²
- Friday, December 18th, the Federal Reserve announced it would re-open banks eligibility for share buybacks, after stopping any public traded banks from buying back shares as a safety measure for coronavirus economic concern.³
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