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Analysis of evolving market themes.

V-shaped recovery proving elusive

The U.S. and global economic recoveries are unlikely to be “V-shaped” as businesses and consumers remain wary of returning to pre-pandemic behavior.

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Vaccine is a wild card for the economy

A vaccine for the coronavirus will be supportive of risky assets even if the economic benefits take longer to materialize.

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Economic Update for August 3, 2020

Economy

  • Durable goods orders increased 7.3% in June, the Census Bureau stated.
  • Pendin ...

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