April 01, 2020

US stocks continue their decline this week as ADP Employment Data showed a drop of 27,000 jobs and ISM manufacturing index fell to 49.1%– its lowest level since 2009.  Both outperformed expectations, however, much of the survey data was from the first half of March, before Covid-19 had fully affected the economy to the point it has now.  Friday’s jobs data and April manufacturing data will likely provide better insight to the scope of impact this virus has had on the US economy.