The health of the world's second largest economy is improving, lifted by a booming industrial sector. But debt levels are rising and exports are weakening.

Investor sentiment is conflicted between a swift economic recovery and slow, sluggish growth in 2021, with markets now at a mid-point of the two narratives.

A stimulus package from Congress could widen the budget deficit and affect bond yields depending on how much of the debt goes on the Fed's balance sheet.

If Congress approves a second stimulus to mitigate the pandemic's economic fallout, will the Fed do another round of quantitative easing to absorb the debt?

Consumers, students and businesses are getting relief from repayments on mortgages, loans, and rentals, but their debt is not forgiven and will come due.

Before the sell-off in equities in February, dividends were expected to rise 20% in the 2020s. Investors now expect a drop despite a rebound in shares.