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Real Estate Weekly Outlook
Bull market or bull trap? U.S. equity markets surged to their best week since 2009, ending the shortest bear market in U.S. history after the successful passage of a massive $2 trillion stimulus package designed to buffer the near-term blow from coronavirus-related economic shutdowns. The gains this week came after investors got their first glimpses into the economic fallout from just several weeks of coronavirus shutdowns, and they weren't pretty. A record 3.3 million Americans filed for initial unemployment claims last week, more than five times the levels seen during the