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Daily Note

The Divide Between The Market And Main Street

May 8, 2020

Thomas Thornton

  • The market has been pricing in a strong recovery creating a divide between the markets and Main Street
  • Today's jobs report was the worst ever and next month will surpass this report as the worst ever and hopefully top in the unemployment rate
  • The new normal will see fewer consumers and not by choice of the businesses who want them back
  • A mysterious buyer of overnight futures and with late-day selloffs and I have some theories who it might be
  • Took off a few shorts that have not worked and added two new ones on the Trade Ideas Sheet
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