By several metrics, it appears the depths of the slowdown occurred in April, not May.  The month-to-month bounce in May’s macroeconomic data is encouraging, no questioning.
Yet, the first 20% improvement is much easier than the last 20%.  In addition, we may be too focused on the April to May comparison, as seasonal effects normally result in an improvement in May.

By several metrics, it appears the depths of the slowdown occurred in April, not May. The month-to-month bounce in May’s macroeconomic data is encouraging, no questioning. Yet, the first 20% improvement is much easier than the last 20%. In addition, we may be too focused on the April to May comparison, as seasonal effects normally result in an improvement in May.

By several metrics, it appears the depths of the slowdown occurred in April, not May.&nbsp; The month-to-month bounce in May’s macroeconomic data is encouraging, no questioning.
Yet, the first 20% improvement is much easier than the last 20%.&nbsp; In addition, we may be too focused on the April to May comparison, as seasonal effects normally result in an improvement in May.

Evaluating the Re-Opening of the Economy: A Consumption Perspective

Hello, I'm Don Rich, head of investments for Esoterica Capital Markets. In these podcasts, we discuss all relevant news items in a timely and easy-to-understand manner. We examine topics that are moving markets today, as well as, potential oncoming obstacles and opportunities. Our plain-spoken insights, which are often intertwined with humor, are available in written, audio, or video form. Never feel intimidated, overwhelmed, or bewildered again!

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Evaluating the Re-Opening of the Economy: A Consumption Perspective

Evaluating the Re-Opening of the Economy: A Consumption Perspective