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We are now witnessing the recession that is following the depression. Job markets are troubled. The official unemployment rate in no way communicates reality of U.S. labor markets. Over 55 million initial jobless claims or nearly 33% of February labor force levels have been filed since March 12th.
Excerpt of CIO Chris Recker on the TD Ameritrade Network as he discusses economic fundamentals and their detachment from the market rally. Recorded 8/6/20.
CIO Chris Recker joined the TDAN panel to discuss the precarious posture of the stock market, deteriorating fundamentals, and coronavirus risks. Recorded 2/20/20.