The New York State Index of Consumer Sentiment in the second quarter of 2020 stands at 71 up 4.6 points from the last measurement in the first quarter of 2020
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Two thirds of New Yorkers say moving too fast to loosen stay-at-home orders is a bigger danger than moving too slowly.
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Retail sales in the U.S. plummeted 16.4 percent in April, for the largest two month decline, according to the Commerce Department. That followed an 8.3 percent plunge in March.
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The value of overall retail sales fell 8.7% from the prior month, the biggest decline in records dating back to 1992, according to Commerce Department data released Wednesday
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While conditions have improved significantly in the last couple of years (lower regulation and corporate tax rates), conditions are still not ideal.
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With oil prices dropping sharply, down twelve trading sessions going into this week (the longest losing streak ever recorded), an ongoing trade war, huge Brexit concerns, and mixed views on global demand, we are seeing similarities in the economy and markets that mirror that of late 2015 and early 2016.
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