Attached is an economic update/outlook written by Brian Westbury at First Trust. It highlights some of the shortest term economic signals this week. At this point we believe the market has discounted a lot of good news on the potential reopening of the economy. We would not be surprised to see some pullbacks from the current level, but also do not think we are going back to the lows of late March. It is only natural to expect that we will see some bumps as we reopen the economy, but as Warren Buffett says ...
“You don’t want to bet against America on a long term basis.”
In the mean time please stay safe and reach out to us if you have any questions, or other planning matters we need to address.
