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For much of the past three months, investors have had their resolve tested like never before. The emergence and spread of the coronavirus disease 2019 (COVID-19) in the U.S. wound up leading to record-breaking volatility for the benchmark S&P 500, and sent the index lower by a whopping 34% in just 33 calendar days
Although we've rebounded quite a bit off of the March lows, the U.S. economy and labor market remain shells of where they were just three months ago, with job losses surpassing 30 million and second-quarter gross domestic product expected to come in at a year-on-year decline of more than 30%, according to many Wall Street estimates.
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