So how quickly would Americans resume “normal” activities? New survey gives an answer or two
A new survey from CBS News shows that most Americans would be reluctant to head out to former activities even if stay-at-home orders were lifted now. Only 13%, for instance, would be comfortable going to a large sports or entertainment event if a stay-at-home order...
Another 4.4 million new claims for unemployment reported today
More than 4.4 million Americans filed for unemployment benefits for the week ended April 18, according to the Labor Department today. From March 15 to April 18 26.5 million people have filed initial claims for unemployment. Economists estimate that the national...
Bonus to my Special Report: 5 stocks for after the coronavirus (5 of 5 posted so far)
Just about everybody agrees that the world after the coronavirus pandemic and recession will look very different. And from what I've read every stock market guru worth his or her smart phone agrees that buy the stocks of companies that are "attuned" to that different...
Just a reminder: weekly report on new claims for unemployment tomorrow
The projections from economists are that the total initial claims for unemployment will fall to 4.5 million for the week ended on April 18. That would still be a horrendous number. The total weekly figure at the beginning of this spike was 280,000. Last week, 5.25...
Selling Restaurant Brands into today’s “another coronavirus rescue bill” bounce
There was that little detour for the complete and utter meltdown in the oil market, but now I'm resuming my plan to sell into the "re-opening the economy rally." That rally is in its last stages I believe, with its life extended by another coronavirus rescue bill, the...
Coca-Cola says it starts to feel the coronavirus slowdown in April
Coca-Cola (KO) beat on earnings and revenue in the first quarter. But, the company said today, April 21, monthly volumes have slumped in April by about 25% globally. The most likely cause of the pattern: Consumers stocked up on Coke products as the coronavirus...
Yesterday’s carnage in the May oil futures spreads today to the June futures
After plunging below $0 on Monday as the May futures contracts neared expiration, West Texas Intermediate continued its descent with the price of oil on the June futures falling to $10 a barrel. The problem, clearly, isn't in just a technical glitch in the futures...
Congress moves close to $470 billon deal with $310 billion for small business
The Senate could vote as early as 4 p.m. today to approve  $470 billion coronavirus rescue bill that includes $310 billion to replenish the small business forgivable loan program. The House would take up the deal on Thursday but need unanimous consent to move the bill...
Is the re-opening rally over already?
Last week President Donald Trump delivered a "nothing burger" of guidance for re-opening the economy. The President's guidance followed the steps that most public health experts have laid out for when and how to re-open the economy. A massive increase in testing from...
Buying iShares China Large Cap ETF for my Perfect 5 ETF Portfolio tomorrow, April 21, selling Invesco Japanese Yen ETF, changing other locations slightly
Right now it's hard to find a good asset to use to diversity a low-risk portfolio such as my Perfect 5 ETF Portfolio. Gold works most of the time except when stock investors and traders use it as a source of cash to meet margin calls on stocks. Utilities work at least...
Oil plunges on futures market on panic over expiring May futures contract
Warning: This is going to be a little "insider baseball. As of 1:30 p.m. the quoted price on Bloomberg of U.S. benchmark West Texas Intermediate was 80.02% to $3.65 a barrel. On the other hand, international benchmark Brent crude was down"just" 5.80% to $26.45 a...Download Jim’s eBook for Free
