Succinct Summation of Week’s Events 4.24.20 (plus Covered Call Options)

Below find the usual Sunday night weekly summation, the big positive being that the markets are finally showing some signs of stabilizing (though whether this will last is anyone's best guess) and that jobless claims were less than last week, but still an horrendous 810K (thus the "lol" on it being a +).  The negative is a rerun from last week:  the number of foolish Americans who are defying the social distancing orders, thereby putting themselves, their families and the rest of society at risk. 


The bonus this Sunday night is my pledge from last night to try to provide a link to Thursday night's AAII webinar on Covered Call Options.  It is on YouTube and the link is below.  Hope everyone had a great weekend. 

AAII 4-24-20 Covered Call Writing To Generate Monthly Cash Flow - YouTube


Succinct Summation of Week’s Events 4.24.20

April 24, 2020 5:30pm by Barry Ritholtz

Succinct Summations for the week ending April 24th, 2020

Positives:

1. Despite everything going on, markets found their footing + some stability.
2. Jobless claims fell 810k w/o/w  (lol “a positive”)
3. FHFA house price index rose 0.7% m/o/m, above the expected increase of 0.4%.
4. Kansas City Mfg Index is at -30 in April, above the expected -33.
5. Consumer sentiment is at 71.8 for April, above the expected 68.0.

Negatives:

1. The latest crowd of idiots, hellbent on self-destruction have gone public, endangering themselves, which is fine, and everyone else, which is not.
2. 4.4 million new unemployment benefit claims;
3. Durable goods orders fell 14.4%, below expectations;
4. Existing home sales fell 8.5% m/o/m
5. New home sales fell to an annual rate of 627k from 741k.
6. Same sale stores fell 6.9% w/o/w