NTS W. USA Corp. d/b/a Desigual

July 22, 2020

The gross domestic product figures released earlier this week presage more economic pain to come. A historic (annualized) 32.9% drop in Q2 ‘20 GDP coupled with (i) a 1mm increase in continuing weekly jobless claims (read: those collecting assistance for at least two weeks) and (ii) current consumer confidence trends paints an ugly picture.*

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