Last week’s economic data was about what you might expect in the midst of a virus crisis that has shut down businesses and forced people to stay home:
There were some bright spots, though, that boosted optimism in financial markets.
New York state, where more than 13,000 residents have died as a result of the coronavirus, may be entering a period of deceleration. The number of hospitalizations and deaths moved lower late last week, reported MarketWatch.
Germany announced it is slowly beginning to reopen shops and schools. Guy Chazan of Financial Times reported, “Germany has managed to contain coronavirus more effectively than other European countries, partly thanks to a comprehensive testing regime that allowed authorities to identify and isolate those infected with the virus at an early stage. It has the capacity to run 650,000 tests a week.”
Major U.S. stock markets moved higher last week and expectations for future volatility moved lower.
FIVE Things To Do If You Just Lost Your Job. During the past four weeks, 22 million Americans have filed for unemployment benefits. It’s an enormous number that reflects the staggering magnitude of job losses due to the coronavirus.
Job loss is painful in any circumstances. It’s particularly intimidating when it occurs in the midst of a pandemic and economic downturn. If you are recently unemployed, here are five things you can do:
Consider doing volunteer work or freelancing until you find a new position. Work of any kind will help you stay busy during the times you’re not hunting for a new job.
Weekly Focus – Think About It
“Far and away the best prize that life offers is the chance to work hard at work worth doing.”
--Theodore Roosevelt, 26th American President
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https://www.barrons.com/articles/the-stock-market-had-a-breakout-week-unless-you-were-a-small-cap-stock-51587167340?mod=hp_LEAD_3 (or go to https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/04-20-20_Barrons-The_Market_had_a_Breakout_Week_Unless_You_were_a_Small-Cap_Stock-Footnote_2.pdf)
https://www.economist.com/leaders/2020/04/16/the-future-of-the-oil-industry (or go to https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/04-20-20_TheEconomist-The_Future_of_the_Oil_Industry-Footnote_3.pdf)
https://www.ft.com/content/6751dafc-117a-47d2-ada3-44223254f2d2 (or go to https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/04-20-20_FinancialTimes-Germany_to_Relax_Coronavirus_Lockdown_Measures-Footnote_6.pdf)
https://www.barrons.com/market-data (or go to https://peakcontent.s3-us-west-2.amazonaws.com/+Peak+Commentary/04-20-20_Barrons-Market_Data-Footnote_7.pdf)