All is not lost, but most is

[The beef 675] [I'm an image] “In other news, China’s unemployment dropped to all-time lows.” - Jeff Hey there carnivores, Markets all ended in the red on Friday - the day added to overall losses on the week. Today we’re talking about how jobs are disappearing. Keep raging, Jeff & Jason [Image] [I'm an image] It’s takin’ our jobs! The U.S. job market had a hell of a March, and not in a good way. The U.S. economy lost more jobs than it gained for the first time since 2010, and the 701k [lost]( was the worst since the Great Recession in March of 2009. Not surprisingly, the unemployment rate climbed to 4.4%, despite previously sitting at a 50 year low of 3.5%. That 4+% rate was the highest in the US since 2017. Exceeding expectations Both the job loss and unemployment rate surpassed analyst expectations. Many estimates put the payroll decline at just 100k, with a 3.9% unemployment rate. Can’t be disappointed in us now, can you, mom and dad? It’s worth noting that the April jobs report could be even worse. That report, due to be released May 8th, will include the nearly 10M who have filed for unemployment since the beginning of the U.S.’ coronavirus lockdown. Economists believe the job market will fall by [another 20M]( jobs in April, beating the 800k drop experienced during the Great Depression. The bottom line... At least a few hopeless romantics believe that while things might look bleak, the recovery could be faster than we expect. Despite the St. Louis Fed saying unemployment rates could [reach upwards of 32%](, exceeding Great Depression levels, the conditions are there for an accelerated turnaround. Currently, we’re [facing]( a demand-side recession. Compared with the recession of 2008 and those prior, Americans aren’t afraid to spend money, they just have nowhere to spend it. These eternal optimists believe the economic recovery could be a nice, steep V-shape, versus a drawn-out recession. Take that, bears. [Image] Believe It or Not You Can Triple Your Account Size (In 3 Months) With Just Three Simple Trades [I'm an image]( Join Dave Lukas On April 8th at 2 PM ET—LIVE When He Introduces—TRIPLE THREAT [Register Here]( [I'm an image] ☑️Not our pets too… Shares of Chewy dropped on Friday, extending a four-day losing streak leading to a total 10% drop Monday. Bad dog... Investors are blaming the company’s recent sales boom as a result of COVID-19. Wait, what? You see, the unprecedented spike is making it impossible to predict the online pet-product retailer’s future. Great growth comes with a great cost. Hiring new people and having existing staff work overtime is a Grade-A recipe for overspending. ☑️Can't trust this. The FTC officially sued Altria for violating antitrust laws when it took a $12.8B stake in Juul in 2018. The Feds are pointing to a [non-compete agreement]( that would have the Marlboro owner remove its products from the market, citing “illegally restrained competition" as the basis for its case. The Marlboro Man isn’t going down without a fight, however. Altria is defending its position that the investment doesn’t harm competition, but it sounds like it is going to have to prove itself in court. Remember the good old days when the biggest pulmonary issue we had to worry about was death by vaping? ☑️Exec’s on a plane. Some people are letting this global pandemic alter their travel plans. Not David Solomon. The Goldman Sachs' CEO managed to do something that’s never been done by the bank: buy two corporate jets. One of the confirmed models is the “Rolls-Royce” of jets, the G650ER, which sells for around $50M. Tough to find an expense code for that one. DJ D-Sol has found himself on the receiving end of some bad PR as of late. Just weeks before joining the mile high club, Solomon landed a 20% raise. And critics might have a point. [$GS has lagged competitors]( for most of Solomon’s 18-month tenure. Corona be damned! RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. 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