The Most Important Two Weeks Since ’08
What’s in Today’s Report:
- Why the Next Two Weeks Are the Most Important Since 2008
- Weekly Market Preview: Can the Coronavirus Peak?
- Weekly Economic Cheat Sheet: Jobless Claims and Consumer Sentiment Key This Week
Futures are sharply higher on new hopes the coronavirus growth rate may be peaking in some of the world’s hardest hit countries.
New York, and the U.S. more broadly, saw signs of progress as coronavirus deaths in NY were down for the first time, as was total new coronavirus cases in the U.S.
Globally there was also progress, as Italy, Spain and Germany potentially have also seen their peak in the virus growth rate.
Today there are no economic reports so focus will remain on coronavirus headlines, and if we get another day of fewer deaths and fewer new cases, confidence will start to build that the worst is behind us. Fingers crossed.