COVID-19 Related Disaster
Payroll employment plunged 21m
Household employment dropped 22m Unemployment rate surged to 14.7%
Participation rate declined 4%
Consumer Comfort Index fell to 36.9
Massive Global Stimulus
Unprecedented & Coordinated
QE+ efforts from our Fed.
CARES Act & follow‐on PPP funding.
Over the past 9 months, worldwide there have been 401 stimulus announcements and 183 central bank rate cuts.
Re-opening has Begun
June 1 seems like the target date
Florida, Georgia & Texas have begun.
Many medical offices (non‐COVID‐19) opened on May 4.
Retail is set for May 20 thru May 29.
All businesses are focused on adopting new COVID‐19 practices.
Outlook: 2020, 2021
It's All About the Time Period
Market is Relatively Optimistic
*Data as of 5/8/2020
Additional Information/Articles of Interest
- Market Update - May 26, 2020
- Market Update - May 11, 2020
- Market Update - May 4, 2020
- Our COVID-19 Investment Response
- Q1 Investment Review
- Our Investment Philosophy
This material is for your general information. It does not take into account the particular investment objectives, financial situation, or needs of individual clients. This material is based upon information obtained from various sources that Community Trust and Investment Company believes to be reliable, but we make no representation or warranty with respect to the accuracy or completeness of such information. Views expressed herein are current only as of the date indicated, and are subject to change without notice. Forecasts may not be realized due to a variety of factors, including changes in economic growth, corporate profitability, geopolitical conditions and inflation.