5.21.20 Some Encouraging Real-Time Data
Most economic charts we look at in the LPL Research Department look alike. Many segments of the US economy came to an abrupt halt in March when the lockdowns and business closures began, making most economic charts covering March and April look like a steep drop on a roller coaster.
Two months later, the economy is starting to pick up as states reopen. All 50 states have now reopened to some extent, but traditional economic data is too slow to pick up the change.
We can see the impact of the reopenings in real-time data such as map routing requests by the Apple maps app, shown in the LPL Chart of the Day. More map se... Read more