Stocks Swing Wildly As Economic Recovery Begins

Published Friday, June 26, 2020, 7 p.m. EST

 While consumer sentiment survey data released today confirmed the economy is fighting to come back from the epidemic-induced shutdown, stock prices are continuing to swing wildly. The University of Michigan's survey of consumer sentiment improved for the second month in a row. Disposable personal income (DPI) per capita backed off from last month's history-making surge, but remained much higher than the historical norm. DPI in April surged when Americans received government payments mandated by CARES Act, the federal emergency aid law enacted on March 27, 2020 in response to the Covid-19 crisis. In May, DPI declined considerably as federal aid...

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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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