A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justified amid an unprecedented slowdown.
“The market has shown an ability to look through the economic data. I think it will continue to do that for the April data,” said Doug Cohen, managing director for portfolio management at Athena Capital Advisors. Economists polled by Reuters expect retail sales to tumble 10% in April, surpassing the record drop of 8.4% in March. Industrial production, which slipped 5.4% in March, is forecast to fall 11.6%.
“Markets are suffering from cognitive dissonance,” said Rob Almeida, global investment strategist for MFS Investment Management, which manages about $470 billion in assets. “Even if you reopen economies... you are not going to have economic normalization in the second or third quarter.” Some recent economic data has also eased from the jarring levels of several weeks ago, though they remain weak by historical standards.
globeinvestor The market isn't *roaring*. The DOW down 6000 pts from Feb, and TSX down 4000 pts. Yes, it's up from it's lows, but isn't close to recovery. If you paid 300K for your house, then collapsed to only be worth 200K, then came back to 250k, would you say real estate is roaring?!?
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COVID-19 Canada live updates: Coverage from CTV NewsWhat you need to know about the coronavirus outbreak: Live updates on the outbreak and cases of COVID-19 in Canada and around the world. Keep talking about the problems in Longterm Care. You have just scratched the surface. Nice to hear violence and injury brought up today. It’s real. At this point you would have to have the IQ of asparagus to believe anything from The Poutine Press
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Alberta reports 6 deaths connected to COVID-19, 70 new casesThat brings the total number of deaths to 112, while there are 3,552 recovered and 2,411 active cases. Holy sweet fuck!! 6 ppl died!!!!!!!!!!! Shut down everything !!!!! We know u want to
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Aid coming for seniors facing ‘real’ cost increases due to COVID-19, Duclos saysHe cited a list of issues that have driven up everyday costs for seniors, including jumps in food prices, transportation and delivery costs for those who are less mobile or don’t feel comfortable going outside What about the oil and gas industry or are students more important. I say bull shit. Finally, it shows how much the Canadian Federal Government loves Seniors. From ads at election time stating, “don’t let your Grandma choose your government”, to helping them through the pandemic? Is it time to get our values right or do we have a lower bar to reach?
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The latest numbers on COVID-19 in Canada: May 6, 2020There are 63,496 confirmed and presumptive cases in Canada. What else is new? We will hit over 100,000 by end of May. Presumptive is such a nasty word
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Doctors to study possible COVID-19 link to kids with rare diseaseThe Canadian Paediatric Society is preparing to send a bulletin to children’s physicians across Canada asking them to lookout for youngsters with overlapping symptoms of Kawasaki disease and toxic-shock syndrome She’s Chinese I don’t trust her one bit Grasping at straws to keep kids out of schools. PROPOGANDA!
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