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Quarterly Market Insights: Our Analysis in 5 Charts

Morningstar's second-quarter 2020 market commentary covers the yield curve, trends in U.S. investments abroad, and more.

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In early June 2020, the National Bureau of Economic Research officially declared that the United States has been in a recession since February. This marked the end of the largest expansionary period in U.S. history since 1854, 10 years and eight months total. Though recessions are an expected part of the market cycle, the circumstances surrounding this one--a global pandemic and the economic response taken to manage it--have led to a unique climate.

After the market suffered massive losses in March, the second quarter saw a rebound, although not a full recovery. Much of the market's upward trend can be attributed to the aggressive steps the Federal Reserve took in response to the downturn, such as lowering interest rates and lending in corporate- and municipal-bond markets.

Amrutha Alladi does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.