Greetings,
United States: How severe are job losses in the US? Several economists expect the unemployment rate to hit levels not seen since the Great Depression – well above what we had in 2008.
The spike in initial unemployment claims is expected to be unprecedented.
Eurozone: Based on online search data, the Eurozone’s consumer activity outside of Italy is collapsing.
Equities: The put-call ratio is near extreme levels.
Credit:The Fed’s latest policy measures helped investment-grade bond ETFs recover some of the discount to NAV. But that’s not the case for high-yield ETFs.
Global Developments: There is quite a bit of dollar-denominated debt out there. The latest US dollar rally has been a headache for non-US borrowers.
Food for Thought: Extreme weather events:
Edited by Daniel Moskovits
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