Looking forward into this week, April 20th, 2020. Once again, weekly Initial Jobless Claims will be the key report to watch when it releases Thursday. If we see another week of 5 million Initial Jobless Claims filed, we will be at or near 20% unemployment.
More housing news also follows, when Existing and New Home Sales for March will be reported on Tuesday and Thursday, respectively. Expect these figures to show sharp drops. The FHFA House Price Index will also be released, but this will be for February and will likely not show the current environment.
Ending the week on Friday, look for Durable Goods Orders for March and Consumer Sentiment for April.