Economies have started to recover faster than expected as 2.5 Million jobs were added last month - the biggest jobs increase on record. As of now, it looks like the fastest stock market sell-off is being followed by the fastest stock market recovery in history - up almost 50% from the March 23rd lows. Restaurants, Airlines and Hotels have seen an increase in business activity as consumers have looked past the COVID-19 pandemic and the possibility of a second outbreak. The Federal Reserves' continued commitment to support the economy and the development of a coronavirus vaccine still look to be top priorities for the stock market to stay strong.
Stocks in the United States, International and Emerging Markets are all showing signs of long-term (200-day) strength.
Our 'Strength of the Market' view, since last week, remains: Strong