, even before the full impact of the coronavirus pandemic hit. Economists expect that US gross domestic product will fall even further in the second quarter, all but confirming a US recession.
Some feared claims would spike again, "on the grounds that claims would rebound after the holiday week, but any post-Good Friday rebound was swamped by the trend," said Shepherdson. Bank of America says an under-the-radar gauge of volatility is warning that the bear market is not over — and shares 2 cheap trades to protect against the next drop
"The rate of fall of Google searches for 'file for unemployment' has slowed, suggesting it will take several more weeks before claims drop below one million," Shepherdson wrote.
But amount unemployed stays the same!
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