CME Group Policy Responses and Outcomes to Pandemic and Support & Resistance Levels 7.14.2021
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Policy Responses and Outcomes to Great Recession and Pandemic
By Blu Putnam, Chief Economist ,CME Group
- Great Recession began September 2008, equities recovery started in March 2009.
- Real GDP reached pre-recession peak in Q1 2011, jobs fully recovered in May 2014.
- Pandemic hit U.S. equities in late February, market recovery began one month later.
- Real GDP on track to reach or exceed pre-pandemic peak by Q2 2021.
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