April 03, 2020

Today’s jobs report helped shed light on the toll COVID-19 is having on the US economy as 701,000 jobs were lost in March and unemployment jumped from 3.5% in February to 4.4%.  It was the first negative month for payrolls in a decade, and what’s worse is these numbers will likely be revised upward as more data comes in.  Stocks began the day modestly in the green but have since retreated, down about 2%.  Gold is currently up $6.50, trading at $1,636.50, up about 2.5% from its weekly low.