Lifestyle | Phillips Wealth Planners - Part 2

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Has the Economy Begun to Recover?

As coronavirus restrictions ease and businesses reopen, the American economy should gain steam. Data released in May and June, including employment, payroll, and manufacturing numbers, suggested the economy may have hit bottom in April.1

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Market Recap – Stocks Regain Ground as States Discuss Plans to Reopen

Globally, billions remain at home under some variation of COVID-related lockdowns and social distancing, a phrase many of us hadn’t heard or used up until this year. Unsurprisingly, this has affected just about every industry, from restaurants to airlines to the oil industry. The markets, in turn, have experienced some turmoil although they perked up a bit in April on news of a potential therapeutic and unprecedented stimulus out of Washington.