This was a week of extremes. The economic data continue to be awful. Gross domestic product in the first quarter fell at its worst rate since the last recession. Consumer spending in March dropped to its lowest rate since 1959. Second-quarter data will be worse, and hope for a recovery is still just that: hope.
On the other hand, the Federal Reserve gave a “whatever it takes” pledge, and there is potential for a coronavirus treatment.
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Source: CNBC - 🏆 12. / 72 Read more »