The Economic Numbers

The only meaningful economic report that we should pay attention to is the weekly jobless claims. There were another 6.6 million claims this week and for the last three weeks, it is over 17 million. When that number begins to fall, it will be a reflection of everyone returning to work.

Also, watch the numbers of new cases of people getting sick. That is an economic indicator today as it will tell us when the various cities, states, and the Federal Government gives the go-ahead to return to work.

Working is the only thing that will help the economy and eventually the stock market.

Manufacturing – The ISM Report