Episode 257: Daily Covid and Markets Podcast - Thursday May 21
The market was down a hundred points today, and basically stayed between flat and down one hundred all day. Oil remains around $34/barrel. Muni bonds continued about ten consecutive days of trading well. Corporates were off a tad. And syndicated loans seemed to be up a tad despite equity markets being off a tad.
Weekly initial jobless claims came in at 2.4 million, bringing the total number to 38 million since the COVID pandemic began (~8 million of those 38 million, though, are no longer on unemployment, presumably having found new jobs or re-secured their old job).