Friday, September 4, 2020
Market Pulse – August 2020
KEY TAKEAWAYS
- The rally from the pandemic-induced March crash went into hyper mode in August, with the S&P 500 closing at record highs almost daily.1
- Third quarter 2020 U.S. GDP is forecasted to rebound strongly from the prior two quarters. GDPNow is forecasting a 28.5% increase in GDP (see chart in article).
- Treasury yields increased on the back of the Fed announcing that an average of 2% inflation will now be the target, allowing inflation to remain over 2% before considering
action.2 - Another month went by without additional economic stimulus benefits coming out of Congress, making the equity market leap even more stunning.
Read the full article in the downloadable PDF »
1https://tinyurl.com/y8zngmav (use Interactive Chart for the last 3 months)
2https://www.zerohedge.com/economics/watch-live-fed-chair-powell-explains-why-years-higher-inflation-good-you
