Weekly Note: Continuing Jobless Claims Drop but Re-Hiring Remains Challenged
Continuing jobless claims showed their first decline since this pandemic started, dropping 3.86 million to 21 million in last week’s report.
Weekly Note: The Economy Shows Signs of Stabilization
Even though job losses continue to be historic and tragic, the economy has started to show some forward-looking signs of stabilization.
Weekly Note: Stock Dispersion Continues to Widen
If you peel back a layer of the S&P 500 index, you can find plenty of casualties from this recent market chaos, even if the index overall has recovered about 60% of its losses.
Weekly Note: Tech Titans Support Rest of the Market
Microsoft, Apple, Amazon, Facebook & Alphabet (Google) account for over 20% of the S&P 500’s weighting.
Oil Prices Go Negative for the First Time
Last week, we saw oil prices go negative for the first time in history. Due to the limited ability to store supply, at one point we saw prices near negative $40 per barrel.
The Weekly Note - Is This Just a Head-Fake Bear Market Rally?
Is the market wrong or is it just looking ahead towards a potential V-shape or U-shaped recovery? If the market is wrong, could this just be another bear market rally?