Email of the day - what will signal a bottom:
Comment of the Day

March 17 2020

Commentary by Eoin Treacy

Email of the day - what will signal a bottom:

I understand the reasoning behind the various precautions being recommended & taken, but what will be the criteria for sounding the all clear? Using the present logic, it seems that as long as there is at least 1 person with the virus the threat remains & the precautions should remain.

Eoin Treacy's view

Thank you for this question which others may also have an interest in and it is a highly relevant topic as trends accelerate.

Unemployment data is about to get ugly. Jobless figures are reported with a two- week lag so the update on Thursday will be for March 7th. Thousands of people lost their jobs yesterday with shutdowns in cities like New York, Los Angeles and San Francisco, The same will be true in much of Europe where economic activity is grinding to halt. Retailers like TJX have hundreds of thousands of employees and we need to question how long they can sustain payroll without cutting headcount significantly.

Temporary worker numbers peaked more than a year ago but can be expected to fall off a cliff when next reported on April 3rd.

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