April, 2020 |

Over 30 Million Americans Have Lost Their Jobs In The Last Six Weeks

Over 30 Million Americans Have Lost Their Jobs In The Last Six Weeks

ZYTrade Editors: In the last week 3.839 million Americans filed for unemployment benefits for the first time. That brings the six-week total to 30.31 million, which is over 12 times the prior worst five-week period in the last 50-plus years. And of course, last...

Oil Prices Rally As Producers Tackle Supply Glut

Oil Prices Rally As Producers Tackle Supply Glut

ZYTrade Editors: Oil prices surged for a third straight day Thursday amid evidence that fuel demand is starting to return, compounding the benefit from production cuts by the world’s largest producers starting on May 1. West Texas Intermediate crude oil, the...

Stock Surge Is A Bear Market Rally That Will Collapse, James Bianco Warns

Stock Surge Is A Bear Market Rally That Will Collapse, James Bianco Warns

ZYTrade Editors: Market researcher James Bianco warns April’s big run will collapse. His reason: Investors are too bullish. “I understand the market has been up a lot since the March low. But what I see in the market is a retracement rally that looks very...

Pending Home Sales Tank Nearly 21% in March, but Realtors Claim Prices will Hold Up

Pending Home Sales Tank Nearly 21% in March, but Realtors Claim Prices will Hold Up

Published by ZYTrade Editors Home sales took a deep dive in March as the coronavirus pandemic shut down much of the economy and homebuyers and sellers pulled out of the normally busy spring market. Signed contracts to purchase existing homes, referred to as pending...

GDP Sinks 4.8%…Biggest Drop Since 2008 and There is Worse to Come

GDP Sinks 4.8%…Biggest Drop Since 2008 and There is Worse to Come

Published by ZYTrade Editors The numbers: The collapse in the U.S. economy caused by the coronavirus pandemic triggered the biggest drop in gross domestic product in the first quarter since 2008 in a prelude to an even more massive decline in the spring. GDP, the...

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