Many have rushed into buy with the US administration announcing support package.
However, with the exception of the areas like China, HK, Singapore, Taiwan where the situation is under control, many other areas are dealing with it the first time and are caught off guard.
This includes pleas from countries (eg. like Serbia) asking for help as economic blocks like EU block export of critical medical supplies.
The measures taken by various countries have so far followed a lockdown, trace and isolate playbook.
With this in mind, economic activities is unlikely to 'road to life' just because of the support packages.
Do trade with care as the covid-19 situation has not peak yet.
My view is that it´s premature to trade long SP now. Effects of Covid19 not in full force in USA, confinement is not yet in place. China q1 may be zero or negative already, what will do a month of confinement to EU and USA economy?. Reasonable to assume SP will test 2000 level, former 2015 key resistance level, when economy was looking better. It will take a lot more than 1Trillion USD stimulus to change the trend.