Monday. Stocks, as measured by the DOW, S&P and NASDAQ hit all time highs Friday. Employment growth is slowing so here is Wall Street's thinking, slower employment growth means more free money from the Fed which means higher stock prices. Party time.
The coronavirus has devastated the U.S. economy but has created a boom for the Chinese economy. Chinese exports are up 21% year over year most of which went to the U.S.
Class 8 truck sales (semi trucks) orders surged to the 3rd highest ever. Sales are up 33% month over month and 197% year over year.
The attached article is an eye opener. Colleges and universities are having to deal with reality and it's not pretty. Higher education will have to adapt or die. Quote from the article:"... presidents of struggling colleges around the country are reacting to the pandemic by unilaterally cutting programs, firing professors and gutting tenure, all once-unthinkable changes."