In the second quarter of 2020, household net worth rose by a record $7.6 trillion dollars, hitting a record $119 trillion as the stock market staged a historic rebound and home prices hit new records. But the reality is that there is a big catch...
Imagine if it shifted to 6-3 conservative; also imagine if no judge is appointed and it is then tied 4-4 when having to rule on a key element of what is widely expected to be a legally contested election...
...the opportunity to put money to work is simply not there. At least not yet. But it’s coming...The problem is doing nothing may actually be the hardest thing to do...
Between bad banks behavior, COVID second-wave concerns, and political chaos; it appears markets (particularly stock markets) are waking up from their fiscal and monetary policy inspired dream-state...
Without additional monetary support, risky assets are left on their own now. The lack of fiscal stimulus in the U.S. underscores the risk heading into the presidential election.
