An 11.4% One-Week Gain In Stocks

Published April 10, 2020, 8 p.m. EST

- The newly released consensus forecast of 60 economists surveyed by The Wall Street Journal is for an unprecedented -25.3% reduction of economic activity this quarter, followed by +6% growth in Q3, and +6.6% growth in Q4. As you might expect, business owner optimism plunged in March. It was the largest monthly decline in the survey's history. But previous monthly declines of the same magnitude have occurred since the National Federation of Independent Business began this monthly survey in 1986, under the direction of chief economist William Dunkelberg. A month from now, the results of NFIB's survey will...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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