Markets on Tuesday completed a topsy-turvy first half of 2020. In the three months that just ended, the S&P 500 rose 20 percent, the best calendar quarter for the broad market index since 1998. In the United States, the world’s largest economy, more than 48,000 coronavirus cases were announced on Tuesday, the most of any day of the pandemic. But economists continue to warn that the path ahead will not be as predictable as many investors seem to hope. “A V-shaped recovery is certainly not something that I think is happening.”

Source: New York Times July 01, 2020 11:17 UTC