Post COVID-19 economic data is starting to roll in, as expected it’s not good. This week another 4.4 million people filed for initial unemployment benefits, bringing the five-week total to 26.5 million. March existing home sales were down -8.5% while new home sales were off -15.4%. While the broad stock…

The Coronavirus pandemic has led to the sharpest economic downturn since the Great Depression. This week, the Department of Labor reported that 5.2 million people filed for unemployment insurance. That brings the four-week count to just over 22 million new claims. The numbers are staggering: pre-Covid the US total nonfarm employment was…