What's Next for the Markets?
The 3rd quarter saw the Markets make up for losses from March and grew 9.2%.
The 3rd quarter saw the Markets make up for losses from March and grew 9.2%.
After increasing steadily since April, the Dow erased it's 2020 losses by end of August. However, the economy as a whole continues to struggle. Over the last few months I've been stating that the Markets have been "untethered" to the economy.
With the expiration of the CARES Act on July 31st, 2020 and with it the extra $600 a week in unemployment benefits, there could be a significant negative impact to individuals, families, the Economy, and to the Markets. With Congress unable to agree on a new relief program, the Executive Branch stepped in and an Executive Order was signed this weekend that was intended to provide some relief and ease Market tension.
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