July 2, 2020, 2:36 pm EDT
4.8 Millions Jobs and 11.1% Unemployment Rates
These numbers, 4.8 Millions jobs and 11.1% unemployment Rates, in June 2020, are impressive according to the US Bureau of Labor Statistics in terms of economic recovery from pandemic in the past few months. Stock markets react in bullish manner with DJIA jumped about +450 points at the opening bell and Nasdaq new high.
It should be noted that COVID-19 US daily affected numbers also made new high with 50.7K numbers yesterday.
Thus, conflicting numbers between the US economy and virus spread are subjected to be determined on next direction for the stock markets.
Our view is that COVID-19 would hit stock markets again if vaccines are not available quick enough for most US people and numbers are continuously rising up.
Energy and material are leading sectors now. Software, internet, hardware are leaders in the industry groups.