Wall Street gurus are saying the brief bear market in stocks is over, and the economy will quickly rebound to all-time highs as the bull market continues.
Predictions as to how long the recovery will last and when the economy will get back to full steam are a dime a dozen, and most of them aren’t even worth that much. A much more interesting question is: Which consumers will drive the recovery — Republicans or Democrats?
Gun stores nationwide are reporting a sharp upsurge in sales amid first the COVID-19 scare and now the civil unrest occurring due to the death of George Floyd in police custody in Minneapolis.
The jobs report showed the resiliency of the U.S. economy, contrasted with those predicting more job losses and higher unemployment.
Another week, another bad report from the Labor Department. The number of those filing unemployment claims is steadily dropping, but remained close to two million for the week ending May 30.
The Purchasing Managers Index (PMI) showed that the economy is beginning to expand again. The only questions remaining are: "Just how strong will the rebound be?" and "Will it be strong enough to propel Trump into a second term?"