Monday Update: Consumer Confidence Stabilizes in May

June 1, 2020

Last week’s economic updates came in mixed, with the solid results for consumer confidence in May offset by historically bad spending figures in April. Once again, this week will be packed with updates, with a focus on business confidence, international trade, and the May employment report.

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Coronavirus Update: May 29, 2020 [Video]

May 29, 2020

Today, I'd like to provide an update on the coronavirus pandemic, including the economic and market implications. We had some good news in the past week, as there were no signs of a second wave of infections even as the economy continued to reopen. The daily spread rate remained at 1.5 percent per day in 9 of the past 10 days, bringing us to the lowest level since the pandemic started. Plus, the daily case growth continued to hold steady, and the number of active cases has begun to level off. On the economic front, layoffs continued to decrease, and people have started returning to work. We’re also seeing positive signs that consumers have the confidence to spend, as shown in the uptick in restaurant bookings and mortgage applications.

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What’s (Not) Happening in the Coronavirus Crisis?

May 28, 2020

The big news this past week has been what has not happened: there are, at present, no signs of a second wave of infections stemming from the ongoing reopening of the economy and the loosening of social distancing measures in several states. In fact, the data shows that social distancing had been subsiding in many areas even before the formal loosening. So, we are now two weeks or more into the start of a new environment for the spread of the virus. While it is still early in the process, some growth in cases could have been expected. The fact that we have continued to see the spread rates at close to the lowest levels of the pandemic is positive.

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Appearance on Yahoo Finance’s On the Move, May 28, 2020 [Video]

May 28, 2020

How has the coronavirus impacted jobless claims and the markets? I discussed this and more today on Yahoo Finance’s On the Move.

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COVID-19: What We Know and How We Know It

May 27, 2020

Recently, I’ve gotten some questions on news reports that the Centers for Disease Control and Prevention (CDC) and many states have been conflating two different types of COVID-19 tests in their reporting. The substance of both the news reports and the subsequent questions was that this conflation made the data unreliable and that the situation could be worse—with respect to the virus and the pandemic—than we had thought. Indeed, it is a reasonable concern. And given that I use various coronavirus data here on the blog, I thought it would be worth writing about what we know about the virus and how we know it.

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Monday Update (on Tuesday): Housing Hit Hard by Pandemic in April

May 26, 2020

Last week continued to show the devastating effect that the pandemic had on the economy in April, with many of the updates focusing on weakness in the housing sector during the month. This will be a jam-packed week of economic reports, with updates scheduled that touch on wide swaths of the economy.

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Appearance on CNBC's The Exchange, May 22, 2020 [Video]

May 26, 2020

Last Friday, I appeared on CNBC’s The Exchange to discuss the economy and the markets. Listen in to hear more.

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Upcoming Appearances

Tune into Yahoo Finance's The Final Round on Friday, June 5, at 3 P.M. ET (time subject to change) to hear Brad talk about the market. Watch at https://finance.yahoo.com/show/finalround/

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