Equities advanced on renewed hopes for a drug to fight the virus. The NYT reports the FDA is in talks with Gilead to make the medicine available quickly. Dr. Fauci, head of National Institute of Allergy and Infectious Diseases stated this morning that...

Before the coronavirus, the US economy was on pace to measure a 3% annualized first quarter growth rate. Analysts are now suggesting 1Q growth to contract by 4.0%. ...

There is a growing number of analysts, politicians and “nonpartisan” reporters beginning to ask is the lockdown a major policy mistake. There have also been several influential epidemiologists stating Covid-19 is about as lethal as a bad ...

What will be this week’s prevailing narrative? The decline in the number of deaths and cases? The extent of the economic calamity via the government mandated shutdown? The prevalence of a “second wave” in states that have decided to partially reopen?...

In five weeks, the economy has lost a staggering and unfathomable 26.5 million jobs, more jobs that have been created since 2001. The jobless claims suggest the unemployment rate is close to 20%, double the

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Government is stating they are listening to the experts as to determine when the economy will reopen. In my view the experts have been completely wrong. The experts—aka the March 12

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The Administration is working on a plan to make money available to the oil industry to prevent the loss of jobs and to protect a core interest of the US.  As noted many times, the industry employees over 10 million workers and contains about

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Equities led by energy advanced Friday.  The catalyst was the planned reopening of the economy and perhaps a pharmaceutical approach to conquer the virus.

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Weekly jobless claims were lower than anticipated…5.24 million versus the estimate of 5.5 million.  Moreover, much to the surprise of many, last week’s claims number of 6.6 million had

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