Insights & Understanding

U.S. GDP fell 32.9 percent last quarter on an annualized basis. It wasn’t as bad as it looks.

The increased number of COVID-19 cases appears to be pressuring employment in the United States.

Retail sales beat expectations, new aid packages are being negotiated, and the S&P 500 is now positive for the year.

Stocks continued to climb in the face of an increasing number of new COVID-19 cases and evidence the surge is stifling the economy’s ability to recover.

The S&P 500 wrapped up its best quarter since 1998, gaining 20.5 percent, amid a strong employment report and continued concerns around the virus.

The daily total for new virus cases topped 40,000 as a resurgence in the South and Southwest pushed new cases to an all-time-record high.