On Friday, June 5, the U.S. shocked the world when it announced the addition of 2.5 million jobs in May. Sectors such as construction, retail, manufacturing and healthcare all saw unemployment rebounds due to layoffs subsiding and furloughed workers returning to their jobs. In their latest conversation, Sightline’s Paul de Sousa and Warren Gerow explain how this job growth, paired with fiscal stimulus packages, can help the markets surpass pre-COVID highs as we begin to return to normal. Specifically, de Sousa and Gerow discuss:
- What the markets are saying about returning to normal
- Theories why the markets are up to pre-COVID levels
- What it may take for the economy to catch up to the markets
- The new European stimulus package
- The importance of continued caution
You can listen to Gerow and de Sousa’s conversation here. You can also read our latest market commentary on the coronavirus here. As always, please contact us at (416) 945-6228 with any questions.
Warren Gerow is an independent investment wealth consultant to Sightline Wealth Management.
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