Cboe Volatility Index (measures 30-day volatility of S&P500 stocks) spiked to $66 in end of March 2020, with future contracts forecasted to slowly decline from $30 range through year end
Content Area: Economic Indicators and Forecasts
U.S. Federal Reserve said unemployment could reach 32.1%, totaling 47 million people in Q2 2020, eight times more than 4.4% in Q1 2020, and worse than Great Depression
Based on U.S. WEI, 2020 Q2 GDP may drop between 10 to 11 percentage points from 2019 performance, after underlying metrics saw a drastic decline beginning in March primarily brought about by the COVID-19 crisis
Goldman Sachs, Morgan Stanley, Deutsche, and J.P. Morgan predicted U.S. GDP will decline by 38-40% in Q2 2020, with Deutsche revising by 27 percentage points from March forecast