April 2020 - Review of the Markets and EconomySubmitted by Tradition Advisers on May 15th, 2020
Macro Overview - The U.S. and global markets were encouraged with the announcement of reopening plans by
various states and the probability of reigniting economic activity. Individual states started to
ease restrictions and allow certain businesses to reopen for the first time since a state of
emergency was declared on March 14th. Analysts and economists agree that it may be a
drawn-out process of reopening the economy as normalcy is gradually restored.
- Rising unemployment rates have been detrimental to the housing market.
- At 49.2%, nearly half of the nation's workforce is employed by a small business.
- Falling below $0 per barrel for the first time ever in history.