It looks increasingly likely that the United States is going to keep experiencing a ‘K-shaped recovery’
Americans woke up Wednesday morning to an undecided presidential election, which could be the case for some time, depending on legal challenges and recounts. For the economy, that means uncertainty is here to stay in 2020.
Business leaders and investors tend to hate uncertainty, and this political situation adds more of it as the nation is already dealing with a second big wave of coronavirus cases and a contentious battle in Congress over another stimulus package.
The early read among economists and Wall Street analysts is to buckle up for a wild few weeks. Continue reading.