Market Pulse – June 2020
• The rally from the March crash extended through June 8th.1
• Between easing lockdown restrictions and increasing protests, cases of the corona virus hit new highs.
• As a result, the second half of June was decidedly more negative with a -6% blow to the S&P 500 on June 11th,2 erasing the month’s gains in one day.
• The paramount question remains: What will be the pace of the economic recovery, especially in light of conflicting economic data?
1 https://tinyurl.com/y8zngmav (use Interactive Chart for the last 3 months)