Impact of New Stimulus and Virus Surge Weighs on Investors

The transcript discusses the prolonged impact of the pandemic on the economy, highlighting the need for sustained policy measures. It emphasizes the importance of understanding economic forecasts and consumer spending trends, particularly among baby boomers. The conversation also touches on market expectations regarding policy responses from Washington, potential unemployment and layoffs, and the risk of business failures as the economy struggles to recover.

What is expected to happen to the unemployment rate by the end of the year?

What trends are anticipated in layoffs and bankruptcies as the economy continues to recover?