David Katz, CIO of Matrix Asset Advisors, joins “Squawk Alley” to discuss the state of the markets as stocks recover from the coronavirus selloff.

The Dow Jones Industrial Average rallied on Thursday, wrapping up its best week in more than 80 years, after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic.

The Dow jumped 411 points, or 1.7%. The S&P 500 gained 1.9% while the Nasdaq Composite advanced 1.1%. The U.S. stock market will be closed Friday due to Good Friday. Stocks came off their highs after Democrats in Congress blocked a Republican effort for unanimous support for 0 billion in small-business aid.

Thursday’s gains put the major averages on pace for strong weekly gains. Dow was up more than 13% for the week, putting it on pace for its biggest weekly gain since 1938. The S&P 500 was up 12.8% week to date, on pace for its best week since 1974. The Nasdaq had gained 10.9% and was headed for its best weekly performance since 2008.

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In this video we provide the details of a simple $ SPX index weekly options strategy that can be put on each week throughout the year to help earn weekly income. Register for our free intensive trading webinar http://smbu.com/seth

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*SMB Disclosures* https://www.smbtraining.com/blog/smb-disclosures
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We discuss critical options trading tips to keep in mind as you begin your journey as an options trader. Register for our free intensive trading webinar http://smbu.com/seth

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*SMB Disclosures* https://www.smbtraining.com/blog/smb-disclosures
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