Important to notice that Bears are not as strong as I expected, this of course does not mean they will continue weak in the future.
I am not sure why with this Macro Data, the Equities are holding current levels.
TODAY FROM REUTERS:
The U.S. Labor Department is expected to show initial claims for state unemployment benefits probably dropped to a seasonally adjusted 3 million for the week ended May 2 from a reading of 3.839 million in the previous week. Unit labor costs, the price of labor per single unit of output, is likely to have increased at a 4% annualized rate in the first quarter. Nonfarm productivity, which measures hourly output per worker, is expected to have dropped 5.5% in the same quarter. The U.S. Federal Reserve’s report on outstanding credit extended to American consumers likely dropped to $15 billion in March from $22.33 billion in the previous month.
U.S. private payrolls dive by a record 20.2 million
U.S. private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for historic job losses last month.
U.S. Treasury launches 20-year bond to help finance record borrowing
The U.S. Treasury Department said it will launch a long-planned 20-year bond and increase securities auction sizes across a range of maturities to raise cash to meet record government borrowing needs caused by the novel coronavirus outbreak.
