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Ryan Nauman's Weekly Recap: COVID-19 Market Edition 05.04.20

With unemployment claims spiking above 30 million over the past six weeks, the resulting unemployment rate is sure to spike from its current 4.4%, the question is, how high will the unemployment rate climb? We will get the initial answer this week when the April jobs report is released which is surely to be one of the more widely watched data releases in history. The week ahead is also one of the busiest of the earnings cycle, while The Walt Disney Company, Activision Blizzard, and Electronic Arts will be widely watched to see how they have fared during the “lockdown”.

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Ryan Nauman

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