Daily Rate Update: May 11th-15th

Daily Rate Update: May 11th-15th

Friday – May 15, 2020 The pandemic induced shutdown put a big dent in retail stores across the nation with no sector left undamaged. April Retail Sales fell a record 16.4%, worse than the -12% expected. Gas stations, as well as restaurants and bars, were also...
Daily Rate Update: May 4th-8th

Daily Rate Update: May 4th-8th

Friday – May 8, 2020 This morning, the Bureau of Labor Statistics reported the worst Non-Farm Payrolls report in U.S. history for April. Non-Farm Payrolls showed 20.5 million Americans lost their jobs last month while the Unemployment Rate soared to 14.7% with...
Daily Rate Update: May 11th-15th

It’s Just The Facts: April 2020

WITH THE PRESS OF A BUTTON – Over a 2-week period ending Friday 3/27/20, the Federal Reserve launched or reopened 6 lending facilities to provide billions of funds to distressed corporations, municipalities, investors, investment companies and money market...
Daily Rate Update: April 27th-May 1st

Daily Rate Update: April 27th-May 1st

Friday – May 1, 2020 Sell in May And go away! That’s how May is kicking off today with U.S. stocks considerably lower after Apple and Amazon reported mixed earnings. In addition, the White House is threatening new tariffs on China for the country’s...
Daily Rate Update: April 27th-May 1st

Daily Rate Update: April 20th-24th

Friday – April 24, 2020 Growing fears of a pandemic induced economic slowdown, chaos in the oil markets, a mixed bag of earnings and staggering first-time unemployment claims filled the event list this week in the markets. Economic data for the near future will...