The equity markets have continued to work their way closer to breakeven on better-than-expected economic reports and continued investor optimism toward the gradual recovery of the global economy. Businesses have slowly re-opened, travel plans have been reconsidered, and consumers proceed cautiously on discretionary purchases. Looking at S&P 500 and sector earnings and valuations, how will this market situation stack up to history? Will consumer discretionary stocks such as restaurants, travel, and tourism-related industries – those most deeply impacted by the pandemic – recover?
During this session CFRA’s Sam Stovall, Chief Investment Strategist, Todd Rosenbluth, Head of ETF and Mutual Fund Research, and Tuna Amobi, Senior Industry Analyst provide our mid-year U.S. economic and investment review and outlook for the second half 2020, with a deep-dive on the consumer discretionary sector that is most likely to keep investors reeling in the months ahead.
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