All Posts Tagged: coronavirus

Labor Market Shows Signs of Life in May

Scott Anderson
Chief Economist

The May Employment Report released this morning from the Bureau of Labor Statistics captured more of the economic reopening than we expected, allowing for a surprising 2.51 million gain in nonfarm payrolls and a drop in the unemployment rate to 13.3% from 14.7% in April.

Read More ›

Is the Rebound in Consumer Confidence Sustainable?

Scott Anderson
Chief Economist

Consumer confidence declined sharply in March and April as it became necessary for states across the country to issue stay-at-home orders in an effort to limit the spread of COVID-19.

Read More ›

Cabin Fever Hits Markets – Long Economic Winter Ahead

Scott Anderson
Chief Economist

Growing up in Minnesota, I am very familiar with the cabin fever that can result from long winters and being stuck at home for months on end.
Before long you’re climbing the walls with boredom and dreaming of the places you will go and the things you will do when the weather breaks. The U.S. equity market rally at this point is feeling a lot like that these days.

Read More ›

Unemployment Soars – Fed Gets the Helicopter Ready

Scott Anderson
Chief Economist

The Federal Reserve, as lender of last resort, is stepping into the fixed income and credit markets to extent that has never been seen, even at the height of the global financial crisis more than a decade ago.

Read More ›