The Consumer Will Decide the Shape of the Economic Recovery

We are already witnessing a V-shared recovery in equity markets, but economic data is just starting to rebound. The U.S. consumer will ultimately decide the shape of the economic recovery. While consumer spending is increasing, the recovery may be slower as government programs expire and state and local governments increase restrictions to curb the spread of the virus, decreasing consumer mobility. The latest commentary from Cetera Investment Management discusses this topic in more detail.

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