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Market Update: 04-13-20

A RECESSION IS HERE

John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial

The economy has halted for the past several weeks, and with it the longest economic expansion ever has ended, meaning we are now in a recession. What makes this recession unique is the government intentionally brought it on, with the chances for an economic bounce back later this year high if the virus is contained. If this recession becomes one of the shortest on record, as we expect, stocks may enjoy better times ahead, as stocks historically have led the economy out of recessions.

LONGEST EXPANSION ENDS

After more than 10 years of a record expansion, the US economy likely entered recession at the end of March. The war against the COVID-19 pandemic has put a halt to our economy, as millions of workers have had to stop working or lost their jobs. This time two months ago, the economy was actually...

Download the complete PDF with graphs here.

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