Stock Market Melt Up

Meghan Shue |
Wilmington Wire
coffeekai

August 13, 2020—The stock market has crossed another critical threshold on Wednesday, with the S&P 500 breaching the prior all-time high on an intraday basis. While we think the market momentum is likely to continue, we maintain a somewhat cautious stance going forward.U.S. equities have recovered their pandemic losses on a surge of optimism around vaccines, monetary and fiscal stimulus, and a V-shaped recovery.

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Labor Market Hitting a Speed Bump, Still Expecting a Winding Road Ahead

Rhea Thomas |
Wilmington Wire
JariJ

August 11, 2020—Over the past few months, the labor market has started the process of recovery after a sharp downward lurch in the aftermath of pandemic-induced shutdowns. The July employment report showed a third month of job gains, but at a slower pace relative to May and June, and was the first of a number of speed bumps we expect in the months ahead. We look for the recovery to continue, but not necessarily in a straight line.

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