Investment & Economic Strategy Update — May 22, 2020
The market is starting to slowly rebound and our clients weathered the storm well. The government has made good choices for an economic rebound moving forward. Our firm believes that the 3rd and 4th quarters of 2020 are going to do well and the US economy will see a huge boost in 2021. We are already seeing company supply chains coming back to the US and more and more consumers are buying products that are made in America. This means that by 2022 the US could see unemployment rates lower than pre-pandemic levels. Another positive for the US economy is that President Trump announced that even if there is a second wave of the COVID-19 virus, the US will not shut down again.