Jun 1, 2020 | 1 min read

Digital Insights Newsletter: June 2020

"V" For V-Shaped Recovery

"V" For V-Shaped Recovery

 

As we enter the beginning of June 2020, it appears that the first wave of the COVID-19 pandemic is receding with economies opening across the globe. In the US, the labor market bounced back with new jobs report showing 2.5 million new jobs being added in May, with total unemployed dropping to 13 million versus the consensus of 20 million unemployed.  The financial markets have been roaring back from March lows, with the S&P 500 up over 40% and the NASDAQ notching a new all-time high on June 8th.  It’s clear that the financial markets are anticipating a V-shaped recovery, but how does this translate given the changes we anticipate in the Newest Normal? One of most notable dynamics of the global pandemic of 2020 is that it has accelerated the trends toward Digital Transformation, and in particular Digital Industry. 

 

Read June's Newsletter