The US jobs rebound will be hard to extend with the pandemic 'running rampant': JPMorgan

Buoyant markets may not be reflecting the dangers facing the U.S. economy as Covid-19 continues to spread, says David Kelly of J.P. Morgan Asset Management. He predicts that a full recovery might have to wait until vaccines become available in 2021, and says that economic recovery could be quicker next year in countries that have suppressed the coronavirus more effectively, such as east Asian emerging markets.
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Wed, Jul 8 20201:28 AM EDT