Financials Up Amid Signs of Global Market Stability

“I don’t think we’re out of the woods yet,” said Rich Steinberg, chief market strategist at wealth-management firm The Colony Group.

“I think we’re in for more volatility and people are going to be watching all kinds of data points we’ve never thought about — in terms of the virus, in terms of how quickly money will get into the hands [of those who need it] from the stimulus, in terms of freeing up technical issues that are in commercial mortgage markets and other mortgage markets.”