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Market Watch Weekly | June 12th, 2020 | Hertz: Rent Wisely...

Erik Dekker - Jun 12, 2020
Driving through fog is difficult. It is hard to see the road and even harder to see the destination. In the same sense the path from recession to recovery can be just as hard to make out.

Driving through fog is difficult. It is hard to see the road and even harder to see the destination. In the same sense the path from recession to recovery can be just as hard to make out. As the economy emerges from the unprecedented lockdown, investors continue to look for signs that the recovery is going in the right direction. In the prior three weeks when civil protests were widespread in cities across the U.S. and talk of new COVID hotspots arose, the market kept its focus on economic and corporate drivers of long-term equity performance. That focus was rewarded with a historic 60 day rally in global benchmarks that saw equities claw back a majority of their loses.

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