Dog Days Of Summer In The Economy

Published Friday, June 19, 2020, 7 p.m. EST

The dog days of summer are not supposed to come until August, but the virus crisis brought them early this year.As the epidemic's economic effects ebb, uncertainty reigns and makes this time between recession and recovery odd. But signs of recovery are already blossoming. Retail sales for the 12 months through May were down -3.9%, compared to the 12-month period through the end of April. In the 12 months ended April 30, 2020, retail sales plunged -18.2% versus May's -3.9% 12-month pace. The sharp improvement in retail sales last month indicates that the recession is likely to be one of...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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