Economy Rebounding; Stocks Setting Records

Observers are claiming many reasons for the extraordinary performance of the U.S. economy following the COVID-inspired government-ordered shutdown, including hopes for a vaccine, more stimulus coming from the Fed, and “nimble, well-placed companies” finding niches in the new economy, as Amrith Ramkumar suggested at the Wall Street Journal.Early on, portfolio managers sitting on billions in cash were skeptical that the economy, and Wall Street, would bounce back so quickly, but now many of them are putting their clients’ money back to work by taking new positions in stocks, bonds, and commodities.

Source: Economy Rebounding; Stocks Setting Records

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