Page 47 - BusinessWest September 14 2020
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A Seeming Disconnect
Wall Street’s Performance Doesn’t Match Main Street
Wealth Management
HBy Jean M. Deliso
ave you won- dered how
the S&P 500 stock-market index has been
trading at near all-time highs when, in the second quarter, S&P 500 corporate earnings were down com- pared to the first quarter of 2020, daily confirmed cases of COVID-19 in the U.S. are currently stable or declin- ing, and the Bureau of Labor Statistics’ July unemploy- ment report showed more than 16 million unemployed Americans, with an unem- ployment rate of 10.2%?
BusinessWest WEALTH MANAGEMENT SEPTEMBER 14, 2020 47
