The Independent Market Observer

Coronavirus Update: June 5, 2020 [Video]

Posted by Brad McMillan, CFA, CAIA, MAI

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This entry was posted on Jun 5, 2020 1:00:47 PM

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Today, I'd like to discuss where we are in the coronavirus crisis, including the latest economic and market news. It was a good week in terms of virus control here in the U.S. The daily spread growth rate dropped to 1.1 percent, and the number of new cases ticked down to 20,000 per day. Still, the possibility of a second wave of infections remains, especially given the protests happening across the country. Turning to the economy, we had more good news. Layoffs continued to decline, more people returned to work, and business and consumer confidence showed signs of improvement. The markets certainly took note of these positive developments, as evidenced by the steady rise in the stock market.

So, could the biggest risks be behind us? Watch my latest video to learn more.

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