The longest running expansion cycle in history, that began in 2009, abruptly came to an end in February 2020 as the COVID-19 shock forced the U.S. economy to shrink at a 5.0% annualized rate in the first quarter of 2020. In the second quarter, a strong jolt from the full impact of the shock caused [...]
Investment Commentary Second Quarter, 2020
The longest running expansion cycle in history, that began in 2009, abruptly came to an end in February 2020 as the COVID-19 shock forced the U.S. economy to shrink at a 5.0% annualized rate in the first quarter of 2020. In the second quarter, a strong jolt from the full impact of the shock caused [...]