Off the Charts

Private payrolls were just released, and we found out that they fell by more than 20 million in April, which is the worst drop in ADP survey history. This chart, like so many others, has been permanently impaired by the complete halt in economic activity.

Oil went off the charts.


Initial jobless claims will never look the same

This chart from the WSJ shows the massive amount of unemployment benefits being paid out by the federal government.

Money market funds took in $694 billion in March, which was 4x the previous record. This comes from Jason Goepfert, who puts out tons of great charts.  .

Total vehicle sales fell 34% in March. These numbers are expected to break the charts in April, with Toyota saying they experienced a 55.7% decline, and Honda in the same boat, saw sales fall by 54.1% decline.

The ISM manufacturing index fell to the lowest level since 2009. The index for new orders fell 27%, the largest monthly drop since 1951. Production fell 27.5%, to the lowest level on record. The employment index, shown below, fell to the lowest level since 1949, and experienced the largest one-month decline since the series began in 1948.

Retail sales had their worst drop on record, falling more than 8% from their prior month.

Personal consumption, which accounts for roughly 70% of U.S. GDP, fell 7.5% in March, the largest drop on record.

It is going to be incredible looking back on these charts in 20 years, but for now, we’re all looking forward to them getting back to normal.


This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.