Yesterday I commented about the politicization of re-opening. Several days ago, I referenced a story on Bloomberg that indicated 82% of small businesses wish to reopen. Conversely 90%...
An ad hoc opening of the economy has commenced. Unfortunately, the reopening is riddled with politics. Many have been eviscerated or worse when questioning whether the...
Equities led by oil and travel surged the most in about six weeks after promising early results for an experimental vaccine. Commenting about crude, China announced that its...
As widely expected April’s economic data is horrific. Retail sales and factory output registered the steepest declines on record. Retail sales fell 16.4% and industrial production plunged ...
Earlier in the day, the Dow fell almost 400 points, the result of weekly jobless claims that exceeded estimates by over 500,000, increasing by almost 3 million. In eights weeks more than...
Equities came under pressure, the result of FRB Chairman Powell’s remarks. Powell did not break any new ground but it was yet another validation of the impact of the virus. Powell stated “the...
Technology companies comprise a record 23% of the S & P 500. However, a strong argument can be made that tech comprises over 50% of this marquee average if the descriptive nomenclature is ...
Several months ago, I opined the corona virus will morph into a political issue, stating it would be a huge abnormality if it does not given the massive impact the virus will have upon...
The reality of the government induced shutdown is now upon us. The economy lost an unprecedented 20.5 million jobs in April and the unemployment rate more than tripled to ...
April’s jobs report is forecasted to show employers slashed about 21.7 million jobs, nearly erasing a decade of job gains in a single month. This is about 27 times the worst monthly decline during the 2007-2009 recession and about ...