Pantheon Macroeconomics - Fed Chair Powell's comment on Sunday's "60 Minutes", that a recovery in the economy "may take a while... it could stretch through the end of next year" did not prevent a 3% jump in the S&P 500 yesterday.

U.S. | 19 May 2020 Full Recovery is a Long Way Off, but Markets Trade on News and Hopes
Fed Chair Powell's comment on Sunday's "60 Minutes", that a recovery in the economy "may take a while... it could stretch through the end of next year" did not prevent a 3% jump in the S&P 500 yesterday.

Sorry, but our website is best viewed on a device with a screen width greater than 320px. You can contact us at: info@pantheonmacro.com.

19 May 2020 Full Recovery is a Long Way Off, but Markets Trade on News and Hopes

By Ian Shepherdson

Fed Chair Powell's comment on Sunday's "60 Minutes", that a recovery in the economy "may take a while... it could stretch through the end of next year" did not prevent a 3% jump in the S&P 500 yesterday.

Posted: 19th May 2020 in 'U.S.'

This document is only available to subscribers of our U.S. Economic Research.

Request a complimentary trial or login here

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release. To activate a complimentary trial on any of these areas, please click here.

U.S. Economic ResearchEurozone Economic ResearchLatin America Economic ResearchUK Economic ResearchAsia Economic Research

« Go back to publications list, or Click here to register for a complimentary trial
Consistently Right

Access Key Enabled Navigation

Keywords for: U.S. | 19 May 2020 Full Recovery is a Long Way Off, but Markets Trade on News and Hopes

April, building permits, chainstore sales, chainstore sales growth, core sales, covid-19, easing, economy, gdp, growth, homebuilders, housing, housing starts, investors, June, March, markets, May, mortgage, mortgage applications, output gap, powell, redbook, remain, s&p 500, sales growth, survey, trade, u.s., unemployment, pantheon macroeconomics, pantheon, macroeconomic, macroeconomics, independent analysis, independent macroeconomic research, independent, analysis, research, economic intelligence, economy, economic, economics, economists, , Ian Shepherdson, financial market, macro research, independent macro research