On the latest edition of Market Week in Review, Senior Investment Strategist Paul Eitelman and Senior Client Investment Analyst Chris Kyle discussed second-quarter GDP (gross domestic product) numbers from around the world, in addition to second-quarter earnings season results. They also provided an update on efforts by the U.S. Congress to pass a second coronavirus stimulus package.
U.S., Europe post record quarterly GDP declines
On July 30, the Commerce Department announced that U.S. GDP fell at an annualized rate of 33% during the second quarter, Eitelman said - a staggering drop that's far and away