Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for April. In the U.S., markets were up by double digits. Still, the economic damage continued. Millions of jobs were lost, and businesses shut down. But we did see progress. The spread of the virus slowed, and testing increased. Plus, federal stimulus provided funds to individuals and businesses. The markets noted these improvements, bouncing back in April. In fact, the markets expect a full recovery in about year. Are they right? Stay tuned to find out.
Follow Brad at blog.commonwealth.com/independent-market-observer.
Posted May 4, 2020