Friday, July 10, 2020 / by Erik Bjorklund
Coronavirus hit markets with unprecedented force in March. Stock prices and bond yields sank. When the outlook grew less dire, markets began moving back in the other direction. As quarantine measures ease, fear surrounding a second wave of COVID-19 is pushing back on the recovery in markets.
Let's quantify the fear using daily COVID-19 case counts in several key states.
There's no question that these trends are alarming at face value, but the implications can vary quite a bit due to increased testing. We can get a clearer sense of the risks by looking at hospitalization data....(read more) Fidelity Home Group | Mortgage News | Mortgage Rates