on the economy: The Central Bank forecasted unemployment will remain high for years and said interest rates will stay near zero until at least 2022.“Stocks were overdue for a pullback after rallying more than 40% off the March lows and pricing in what we believe is an overly optimistic economic outlook,” says Jeff Buchbinder, equity strategist for LPL Financial.
for 2020, fully recouping its losses from the coronavirus selloff earlier this year. But the market is now taking a sizable hit amid rising concerns over a second wave of coronavirus cases.
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