The 10 Minute Take - Can U.S. markets stay up while summer shutdowns expand?

Jul 07, 2020 | Brian Moore


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The 10-Minute Take podcast provides insights from RBC economists and market experts on events unfolding around the globe. Featuring Tom Porcelli, RBC Capital Markets’ Chief U.S. Economist.

The 10 Minute Take Podcast

The U.S. gained nearly 5 million jobs in June, but that was before the latest COVID-19 outbreaks. Now, state re-opening plans are being put on hold, if not dialed back – with almost certain economic consequences. And yet, markets are partying like it’s 2019 – Dow Jones had its best quarter since 1987, Nasdaq hit a record high. But just how far will the Fed go to support the economy? And will markets get a reality check? Tom Porcelli, RBC Capital Markets’ Chief U.S. Economist, shares his update on the U.S. economy.

 

Click here for the full podcast; The 10 Minute Take.