A Bridge To The Other Side

We continue to follow our Road to Recovery Playbook to determine where we are in the stock market’s bottoming process. We believe the proces is well underway, and we anticipate having visibility into a peak in COVID-19 cases soon—our key to stocks establishing a durable bottom. Bold fiscal and monetary stimulus will help bridge the economy to the other side, though the recent bounce has left the near-term risk-reward less attractive.

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