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Ryan Nauman's Weekly Recap: COVID-19 Market Edition 05.03.21

What the week ahead lacks in big-name earnings releases, it makes up for it in quantity, as it’s one of the busiest weeks for earnings releases this cycle. As for economic data, all eyes will be in the April jobs report. The pace of the economic recovery has been strong, and the labor market has gained momentum recently as vaccinations increase and businesses get back to “normal”. However, juiced up unemployment benefits have kept jobseekers on the sidelines rather than looking for lower paying jobs which will keep unemployment numbers artificially high.

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Ryan Nauman

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