Thursday, April 2, 2020

It's Going to Get Worse As Unemployment Explodes Higher

Marketwatch has an excellent article this morning that explains what is likely coming soon. "BofA sees between 16 and 20 million job losses, which could send the unemployment rate, which stands at 3.5% as of February’s report, surging within a few months to 15.6%, which would by far outstrip the unemployment rate during the 2007-09 recession." 
Surprisingly, stocks are higher for the day, but showing signs of trending lower as I write this. Look out belooooow!