2020-06-25 06:00:40, By Neil George, Editor, Profitable Investing, InvestorPlace
Content Categorization
/Business & Industrial
/News/Business News
/Finance
Word Count:
2956
Words/Sentence:
30
Reading Time:
19.71 min
Reading Quality:
Intermediate
Readability:
11th or 12th
The S&P 500 index has returned 39.15% since March 23 as the stock market re-engaged with buy orders on the back of massive Federal Reserve buying of nearly everything in the credit markets as well as parts of the stock market.
That is still a horrible number – but it shows improving bad news and not worsening bad news.
U.S. Initial Weekly Jobless Claims – Source: U.S. Department of Labor & Bloomberg
They prove out during both tougher times and flush economic times.
One prime example is Easterly Government Properties (NYSE:DEA) which is a REIT with a major twist – its tenant is the U.S. Government.
But in the beginning of June with the May report it showed a gain of 2.5 million jobs.
U.S. Non-Farm Payrolls – Source: U.S. Bureau of Labor Statistics (BLS) & Bloomberg
The monthly jobs report by the U.S. Bureau of Labor Statistics (BLS) started to show cracks in the March report with a loss of 1.4 million jobs only to plunge horrifically to a loss of 20.7 million in April.
Keywords
Interested in Learning More?
Article Analysis is at the foundation of powerful media monitoring and insights. Learn what you can build with powerful curated search engines, real-time listening and trend analysis on the topics, markets and companies critical to your organization.