The spray of the surf. The smell of barbeque. The crack of a baseball bat. The dazzling display of Fourth of July fireworks. For much of the nation, these are the sensory memories associated with summer. Or, at least that was the case before COVID-19 came along, after which most Americans were essentially given a “time out” and sent to their rooms.And now that cabin fever has essentially started to outstrip viral fevers, states are slowly reopening.
Wall Street is social distancing from Main Street. April was the best month for stocks since 1987, but the 36.5 million new unemployment claims filed harken back to the Great Depression. What gives?In an informative webinar on May 22, Chief Investment Officer Tony Roth, Chief Economist Luke Tilley and Head of Investment Strategy Meghan Shue, broke it all down in terms of our house view of what you can expect for markets and the economy. Listen now.
May 26— The unprecedented economic circumstances stemming from the COVID-19 pandemic are only beginning to be understood and will likely be felt for some time.