Jul 10, 2020
While the economy might look better while looking at the economic statistics. The employment report is better than expected. The number of people still receiving unemployment benefits, it’s over 31 million. A lot of companies laid off employees in March were laid off and are expecting to go back to work. And many of them will not be going back to work, perhaps as much as 40 percent. They’ll be transitioning from temporarily unemployed to permanently unemployed. This will probably lead to another market decline later in the year. Don’t be misled by rosy statistics.