Despite the allocation of Congress 1.9 trillion dollars to support the economy in the stock markets continues to fall

the House of representatives of the United States Congress voted to allocate 1.9 trillion $ to support the economy, of which $ 400 billion will be spent on the fight against the pandemic, to 1 trillion $ on helping people and $ 500 billion for measures to stimulate the economy. At the same time, the bill has not included a proposal President Biden to raise the minimum wage to $15/hour.

it is Expected that the Senate will vote for this bill, under the simplified procedure.

However, the stock market is quite slow at reacting to the bill, because the fall in stock prices began last week, due to speculative growth of the previous year.

If a train last month, the Dow Jones industrial average rose 3.2 percent, the S&P 500 fell by 2.6%, Nasdaq up 0.9%, while last week due to a sharp decline in shares of technology companies that are considered too overheated, these indexes down: Dow Jones - 1.8%, the S&P 500 by 2.5%, the Nasdaq by 4.9%. After the adoption of the draft law on assistance to the Dow Jones and S&P 500 continued to fall, and the Nasdaq rose slightly, while by the end of the week fell to its lowest since October 30 level.

Striking example of speculative demand are the shares of the company Tesla, which for the year increased by 12 times from $ 70 to 865 $, and then, in January – February fell to 675 $, and continue to fall.

Hopes for a quick economic recovery after the start of vaccination is not justified, since vaccines are not enough, and restrictions on movement remain, which reduces the optimism of traders.

in the Near future will continue to fall to an overheated stock market, which will increase pressure on the markets of agricultural products, which were actively growing speculative factors.

Futures for soybeans, wheat, and corn on the US stock exchanges on Friday fell under the pressure of low weekly export sales and the drop in world oil prices.

This week the markets will remain under pressure for fundamental factors of supply and demand, since the adoption of the aid package for the economy have already been taken into account in the speculative rise in the prices of stocks & commodities before.