I may be way off base here, but I believe the last 2-3 rounds of increased jobless claims have actually had little to no impact on immediate trading. Don’t know if that’s because the speculation was already baked in or something else, but hopefully the dip from the last couple days will start to stabilize soon.
One thing I will say being that I’m in the middle of the manufacturing world is that global supply chains are on pretty shaky ground right now. I’m in the middle of an “essential” sector being that we service ag, transportation, and the filtration business, and even our recently released shut down schedules are eye popping. There’s a lot of hope that we’re going to see demand return with a V shape in Q3, and if that doesn’t happen, I’d expect some additional concern from Wall St