Insights 7-8-20

"We look at jobs that are coming back, and yes, we had great gains in leisure and hospitality, in retail, in health — all of those were really strong numbers. But those are all the same jobs that are going to be affected in states like California, Texas, Arizona [and] Florida as they all turn around their plans."

Victoria Fernandez, chief market strategist at Crossmark Global Investments, in an interview with CNBC late last week for its report, “Blowout jobs report may have missed a troubling trend linked to coronavirus.”