AUTHOR: TOWNE SCHERER.COM/BLOG 7/8/2020: Towne Scherer Private Wealth Management BLOG:
Opening Bullets for July….
Jobs Added
-4.8 million jobs were added to the US economy in June, with unemployment falling to 11.1.%, says Breitbart 7/2/2020. 1.5 million jobs were in restaurants and bars while retail stores added 740,000 jobs, with manufacturing adding 356,000 jobs.
Chop Chop
-The CHOP area of Seattle was cleared out by the Seattle Police, making 23 arrests, reports Breitbart 7/1/2020. Clearing of the swamp, I guess?
Flattened or Going Down
-The US has had 3,069,179 cases of Covid 19 with 133,536 total deaths, says WorldMeter 7/7/2020. On a positive note, 1,338,696 have recovered while there are only 15,223 that are seriously ill. Further, some have suggested that the death toll has flattened or is going down.
‘Seems like the economy is percolating while the Covid 19 may be peeking out….
Certainly, better news than several months ago!!!’
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.