01 May 2020

Posted at 08:00h in The Friday Brief by

Here are some facts which I present, for now, without commentary: From February 19th to March 23rd the U.S. stock market was down about 35%. Since March 23rd, the market has been up over 30%. The stock market is still down about 15% since the...

24 Apr 2020

Posted at 09:43h in The Friday Brief by

We’re wrapping up an historic week for the US economy. On Monday, the unthinkable happened when oil prices dropped below $0 a barrel for the first time ever. On Thursday, the US Labor Department announced an additional 4.4 million first-time claims for unemployment, effectively wiping out...

17 Apr 2020

Posted at 11:25h in The Friday Brief by

“I fear all we have done is awaken a sleeping giant.” Japanese Admiral Isoroku Yamamoto when their attack on Pearl Harbor was completed In February, when the US coronavirus outbreak started, our workforce reached a high of 164.6 million workers. Since then, close to 30 million, or...