Research report

Why markets are floating past the economic collapse

In this report, we break down today’s payroll data, recent market performance and what investors need to prepare for next.

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May 8, 2020 | 8 minute read

Despite millions of job losses and an unprecedented drop in economic activity, April was the best month for the S&P 500 since 1987. This sharp market recovery in the face of economic weakness is top of mind.

In this report, we break down today’s payroll data, recent market performance and what investors need to prepare for next.

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Any projections, forecasts and estimates contained herein are based upon certain assumptions that the author considers reasonable. Projections are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the projections will not materialize or will vary significantly from actual results. The inclusion of projections herein should not be regarded as a representation or guarantee regarding the reliability, accuracy or completeness of the information contained herein, and neither FS Investments nor the author are under any obligation to update or keep current such information.

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Lara Rhame

Chief U.S. Economist + Managing Director

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