As we review this week, I can't help but notice how positive most of the economic data was during the week.

It was really a parade of economic good news. Great reports on: unemployment, non farm payrolls, weekly hours worked productivity, construction spending, earnings. All point to an economy that is performing well. Driven primarily by the labor sector.

But a little voice kept telling me “that was yesterday.” And in fact all of these reports were issued at the end of last month or before.

All of our Macro Data on the Economy, is currently dated before the outbreak of Covid-19.