The clues are starting pile up that the deepest phase of the economic loss for the US coronavirus recession has passed. There’s still a long way to go to climb out of the hole, but data published to date suggest that the recovery process has started.

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Politicians consider defunding police after George Floyd protests: NY Times
22 US states report rising cases of Covid-19 infections: CNN
Daily change in US Covid-19 deaths falls to new post-peak low: Reuters
North Korea cuts off communication with South Korea: CNN
India and China agree to peacefully settle border tensions: CNBC
Will strong US jobs report for May fuel a rise in Treasury yields? CNBC
Up to 25,000 US stores may close this year: Bloomberg
Longest US economic expansion on record officially ended in February: NBER
US stocks (S&P 500) closed on Monday with a fractional year-to-date gain: CNN