Weekly Market Snapshot – April 20th, 2020
Created by: Sam Tenney
- As of Monday, April 20th, oil opened at $11.23 a barrel for West Texas Intermediate (WTI) crude, marking almost 40 year lows for the price of crude oil. ¹
- For the week of April 12th – 19th, 5.25 million more unemployment claims have come through. This marks ~22 million job losses total for the past month, effectively erasing as many jobs as have been created since June 2009.²
- The Federal Reserve of Atlanta President Raphael Bostic has said businesses will face a “Survival Crisis in May”. “May is going to be a large issue … in terms of transitioning from a liquidity problem, to a solvency one.”³
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