S&P 500 showing signs of a comeback despite crisis
Will address Senate Committee on Banking, Housing and Urban Affairs
52% of American small businesses expect to be bust within six months
Monetary stimulus brought into sharp focus
While coming within a whisker of calling the low for the S&P 500, it is fruitless attempting to call short-term market moves.
US equity markets have had their worst quarter since 2008.
Following the unprecedented falls across all financial markets in recent weeks, the safest government bond markets have had to become cash vaults for fund allocators trying to raise the liquidity needed to plug the fast-growing holes left by the equity,...