Where Unemployment Is Hitting The Hardest

The nation’s unemployment rate skyrocketed to 14.7% in April, representing the largest percentage of unemployed workers since the great depression, when the rate reached 25% in 1933. Read more

Over Half of Unemployed Making More Than When Employed

The National Bureau of Economic Research released findings of a study examining the amount of unemployment benefits recipients are being paid. Read more

Consumers Spending Much Less

Recovery to the economy has become hinged on the ability of the American consumer to regain confidence and start spending again. Read more

Car Sales Have Cratered Since The Pandemic Began

A dramatic drop in car sales, brought about by the historical rise in unemployment along with the economy seizing, collapsed the demand for both new and used autos coast to coast. Read more

Macro Overview – June 2020

A resurgence of sporadic economic activity emerged in May as stay at home bans were eased and some businesses slowly reopened. Read more

Nearly 10 Million Claim Unemployment In Just Two Weeks

The sudden loss of jobs and mass layoffs by businesses nationwide has brought about the single largest increase in unemployment claims in the country’s history. Read more

Equities Technically End Eleven Year Bull Market Run

Equity markets experienced volatility in March not seen since the 1930s, with daily declines so sharp that rarely-used mechanisms to halt trading were activated by the exchanges on multiple occasions. Read more

Massive Stimulus Efforts Bring Yields To Historic Lows

The Federal Reserve announced a reintroduction of its Quantitative Easing (QE) program to now include corporate bonds in addition to government agency and Treasury bonds. Read more

Oil Has Worst Month In Years

Extreme volatility appeared in the oil markets as prices fell to their lowest levels since 2002, tumbling to $20.37 (WTI) in mid-March, then rebounding 25% on March 19th, Read more

IRS Tax Filing Deadline Extended To July 15th

The IRS has extended the tax filing and payment deadline from April 15, 2020 to July 15, 2020. Read more

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