Just when it felt like economic reports couldn't get any worse:
Last Thursday, 2.98 million additional jobless claims were reported (2.7M expected) bringing the total to 36.5M over the past few months.
Meanwhile FED chair Jerome Powell warned that an economic may not occur without a vaccine. Dr. Fauci opined that even with a vaccine, there is no guarantee that it will actually stop the spread of the virus.
April retail sales plunged a shocking 16.4% - more than the expected 12.3% by economists. Online sales were the only category with higher sales during April. Clothing stores were the worst performers.