Jack Farley is a journalist at Real Vision, where he is responsible for booking, coordinating, and conducting interviews. He can be found introducing The Real Vision Daily Briefing on Mondays and Fridays. He previously worked at Bloomberg L.P. and Dealbreaker, and he majored in Economics at Brown University, where he specialized in macroeconomics and financial history.
What the hell is going on? While U.S. equities continue to appear calm and stable, a look at the U.S. credit markets reveal that chaos is still roiling beneath the surface.
An oil shock took the world by storm reaching negative $38/barrel, U.S. markets were calm, U.S. equities posted modest gains and jobless claims on the rise.
Critical Market Context for the Week Ahead – U.S. equities inched higher last week despite singularly dismal economic data coming in from all fronts. The S&P 500 closed just over 3% for the week on Friday, marking the biggest two-week rally since 1938.
Your weekly market coronavirus update from Real Vision. Read how coronavirus slammed into the United States like a hurricane, affecting the global economy.