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Expect more shocking economic data in the week ahead with the unemployment rate set to near 20%


tacobell fan

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  • The stock market’s internal rotation into beaten down names, like airlines and small caps, is expected to continue to be a theme in the week ahead as the economy continues to reopen.
  • Rising tensions between Washington and Beijing could become an increasing headwind for stocks, particularly the technology sector, which is most exposed on a revenue basis and through its supply chain. 
  • The May employment report is released Friday and it is expected to show that unemployment has edged up to about 20%.

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