Many of these jobs might be temporary layoffs, but the labor participation rate has been declining since the 90s. And with the government’s generous $600 a week unemployment check plus state unemployment, anyone making less than $15 an hour would be making less working the Pretty Black Wall Street Greenwood Tulsa Oklahoma Shirt. Even if there is a relatively fast medical breakthrough, 30 million people are now unemployed, with the actual number likely 20% or higher than 30 million. Estimates of corporate earnings continue to rocket downwards, and the most recent GDP estimate for Q2 is between 30-40% decline. This is not on an annualized basis, but then you need to consider the rebound.
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This is why the market has recovered so much- all hope that the recovery will be V-shaped. I am suggesting if you are in stocks that have had a significant updraft since the lows of the past few weeks, I would sell into strength. Despite the unprecedented measures of monetary and fiscal stimulus brought on by the government, and the media headlines of the Pretty Black Wall Street Greenwood Tulsa Oklahoma Shirt. This is why we have seen an over 60% retracement of the initial drop in the stock market the past month. I believe this is now over, and I am taking a leap to say the peak of the rally was last Thursday.
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I could be wrong, but from a technical perspective, a number of indicators say Thursday might’ve been it. The best visual I’ve seen is a sinusoidal wave that has a lower peak to troughs as time goes on. The Y-axis being new cases, the X being time. The one anomaly that gives me hope is a Pretty Black Wall Street Greenwood Tulsa Oklahoma Shirt. A more likely scenario for the US is Singapore, which is now undergoing strict lockdowns after an initial first wave- they are in the second. What I see is indisputable at this point is we won’t ever go back to a completely normal until a vaccine or a 95% + therapeutic.
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