U.S. Economic and Market Highlights

The Economy:

• Most analysts predict that the second quarter 2020 will be the low point for the economy as Gross Domestic Product (GDP) is expected to have a second half recovery as global economies reopen. Read more →

U.S. Economic and Market Highlights

The Economy:

• Improving economic data has helped stocks continue to climb despite daily new COVID-19 cases in the U.S.
• The U.S. labor market added 4.8 million jobs in June versus economists’ expectation for 2.9 million, while the unemployment rate fell to 11.1% in June from 13.3% in May. Read more →

U.S. Economic and Market Highlights

The Economy

• Most developed countries saw Gross Domestic Product (GDP) turn negative in the first quarter due to the economic impact caused by widespread shutdowns to ward-off the Coronavirus outbreak. It is almost certain that the second quarter GDP will be negative in most countries, triggering a technical global recession.

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