Now that earnings season is among us, we are starting to see the dire economic news and the list of companies continuing to furlough or lay off employees continues to grow. In the past month, the financial markets have rebounded strongly off the March lows, which have mostly been fueled by the latest stimulus packages. This optimism we have seen from investors has largely been related to help from the Federal Reserve and federal government looking to keep the economy afloat.
Based on the latest Fed Survey, conducted by CNBC, respondents are expecting the