After one of the sharpest rebounds in history, which saw the S&P 500 rise 60% in less than six months, stocks have weakened over the past month.
Market Pulse combines thought leadership and the best of heritage BB&T Wealth and SunTrust weekly economic and investment insights.
First, on the Data Tracker Matrix, we have replaced Business Formations with the Staffing Index from the American Staffing Association.
With favorable low-interest regimes globally and additional fiscal stimulus packages expected, 2021 has the potential to deliver a robust economic recovery, assuming there will be a medical breakthrough in the form of a coronavirus vaccine.
Markets have shown signs of stabilizing after suffering a relatively sharp 7%, technology sector-led pullback earlier this month.
We are seeing continued improvement in the key virus-related data, including confirmed cases and hospitalizations.