"Gross domestic product — the broadest measure of goods and services produced — fell 9.5 percent in the second quarter of the year, the Commerce Department said Thursday. On an annualized basis, the standard way of reporting quarterly economic data, G.D.P. fell at a rate of 32.9 percent."

With this level of decline, it is difficult to see the market moving forward until there is better control of the Covid-19 virus.  Therefore, watch for the tightening of TLSOs on individual securities held in the various ITA portfolios.  This is not advice as I don't provide financial advice.  Rather, watch what I am doing, not what I say.

Lowell