Second-Quarter GDP Drops 32.9%… The number is annualized, so in the second quarter, GDP fell 8.2%. What it means— The best that can be said is that GDP fell less than expected last month. ...
Week In Review – June 30 2020
COVID-19 Cases Skyrocket, Some Locations Reverse Course on Opening… States such as Texas, Florida, and Arizona, which reopened quickly, are experiencing record infection ...
Week In Review – June 1 2020
Another 2.12 Million People Filed for Initial Jobless Claims… The nine-week total now stands at 40.7 million people. What it means— With states reopening their economies, many investors ...
Week In Review – April 27 2020
4.43 Million Americans File Initial Jobless Claims… The additional jobless claims bring the five-week total to more than 26 million. What it means – With the more than four million people who were ...
Week In Review – March 3 2020
Virus Concerns Slam Markets … The Nasdaq fell from a record high to correction territory, down 10% in six sessions. What it means – What a difference a week makes. With new infections occurring at ...