Succinct Summations of Week’s Events, 4.10.11 (plus a treasure trove of COVID-19 help)

It's been quite a week and the summation is below.  The main positive is that the markets rallied and recovered half of the losses from the recent collapse.  The main negative is that COVID-19 continues to climb, even though in recent days it appears to perhaps be reaching a plateau.  We were supposed to have reached peak by now; we are close.  Perhaps we'll see it sometime this coming week.  The bonus this Easter Sunday is a treasure trove of information posted on The Big Picture blog this morning by Barry Ritholtz. It contains links to websites covering everything about this crisis including Medical, Financial Aid, Staying Safe, Entertainment, and the prospects for the economic Recovery.  It's a mini-encyclopedia on the pandemic, well worth a study.  Happy Easter everyone!


Succinct Summations of Week’s Events, 4.10.11

April 10, 2020 5:00pm by Barry Ritholtz

Succinct Summations for the week ending April 10th, 2020

Positives:

1. Markets rally, making up half of the February/March 35% collapse.
2. Fed announced $2 trillion dollars in credit to mid-sized businesses;
3. Patient counts are falling in European hot spots, particularly Italy;
4. Job openings came in at 6.882M in February, above the expected 6.638M.
5. Consumer credit came in at $22.3B in February, above the expected $14.2B.
6. PPI-FD fell 0.2% m/o/m, above the previous decrease of 0.6%.

Negatives:

1. Covid-19 is now the single leading daily cause of death in America.
2. New Jobless claims added another 6.6M, bringing 3-week total to 16M.
3. Same store sales rose 5.3% w/o/w, below recent periods
4. Home mortgage apps fell 12.0% w/o/w after last week’s 11.0% decrease
5. CPI fell 0.4% m/o/m, below expectations;
6. Wholesale trade fell 0.7% m/o/m, below expectations.

4-12-20 10 Sunday Reads - The Big Picture