To a casual observer, the economic news is mixed. Depending on the story one is reading, you would conclude that we are in a severe recession, even a depression or, on the other hand, we are seeing a quick recovery from the economic fallout from the lockdown response to COVID-19.
Stock Market Update, Tale of Two Economies: Employment vs. Unemployment, Housing Boom vs. Housing Delinquencies, Inflation vs. Deflation
While there is no fundamental justification for it, stocks rallied again last week and rallied strongly.
Metals consolidate, as predicted; Mortgage delinquencies creep higher; Recession Realities