Mid-session market 03/20: After banking crisis, market predicts timing of FED rate cut

US stock market continues a volatile trading session as liquidity continues to flow out of regional banks and into other mega caps in S&P500. It can be said that the tough and coordinated actions of G7 Central Banks last weekend were sufficient to reassure investors about the safety of banks considered 'too big to fail'. SPY pushed right from the open with solid support at 390 although actual liquidity was quite low, showing signs of shorts-cover rally and hasty money rotation from bonds back to stocks.