Getty Images Getty ImagesThe message of the second quarter is that America is still the greatest economic power in the world, by a long shot. The S&P 500 rallied 20 percent in the last three months, a 180-degree pivot from the first quarter, in which stocks dropped 20 percent. A lot of analysts spent a lot of time this year trying to find the right historical comparisons for today. In the Great Financial Crisis and the Dot-Com bubble, stocks and the economy were stuck in a prolonged period of malaise. Being able to sidestep economic collapse means saving livelihoods; the ability to stop a depression is the economic touch of God.

Source: Forbes July 01, 2020 16:07 UTC