Social unrest must not be ignored by investors given its various implications. And it shouldn’t be ignored by the avid golfer occupying the Oval Office, either. “So does it [social unrest] justify a correction further what we’ve seen recently? Yeah, possibly this correction could go further,” said Matthew Gerken, a geopolitical strategist at independent research […]
Thursday, May 28, 2020 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe ‘In our view, equities can rise further from here.’ Since the March 23 lows, the S&P 500 is up 38.5%. And investors are now focused on...
All the major U.S. pro sports leagues remain shut down due to coronavirus, after the NBA, NHL, and MLS all hit pause in March and MLB never began its season. Now every league is exploring how and when to return—and they all expect to return in empty stadiums with no...
The U.S. unemployment rate soared to 14.7% in April, but the headline unemployment number might not tell the whole story for how deeply the novel coronavirus has hurt the labor market. On Friday, the Bureau of Labor Statistics reported that the unemployment rate rose...
The pain trade on Wall Street could be back in play real soon if President Trump doesn’t get his way in reopening parts of the coronavirus-battered U.S. economy. “I think we go back and retest the lows [on the S&P 500] that we saw in March for sure,” iQ Capital...
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