July 29, 2020Filed under: Weekly Economic Commentary

STALLING ECONOMIC RECOVERY MAY SLOW STOCK MARKET RALLY

Jeffrey Buchbinder, CFA, Equity Strategist, LPL Financial Ryan Detrick, CMT, Chief Market Strategist, LPL Financial

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Boone Wealth Advisors

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Stock market weakness late last week caused investors to ask whether the long-awaited market pullback
may be at hand. This week, we review the drivers of the market’s impressive rally back to the break-even
point for the year, share our thoughts on whether the gains are justified, and take a look at some timely
data for clues on the state of the economic recovery.

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