Coronavirus Update - April 24, 2020

Today, we want to share with you another update from Commonwealth's CIO, Brad McMillan. We’ve seen significant progress in terms of the virus, with the daily case growth rate dropping below 4 percent for several days in a row. Further, the number of tests given has risen from about 150,000 to 300,000 per day. As we turn to the economy, the news is more of a mixed bag. Jobless claims are still very high, although this damage may have started to peak. Plus, with measures like the Paycheck Protection Program and stimulus checks, both individuals and businesses are getting some much-needed relief.

Given these signs of improvement, the market seems to be saying the economic recession won’t be as bad as was originally anticipated. But what does all this mean for reopening states and the economy? Watch Brad's video below from Friday, April 24 to learn more.

Coronavirus Update from Commonwealth CIO Brad McMillan, April 24, 2020 from Commonwealth Financial Network on Vimeo.


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Authored by Brad McMillan, CFA®, CAIA, MAI, managing principal, chief investment officer, at Commonwealth Financial Network®.