- Stock market volatility seems to be falling in 2023. Last year there were 46 days where the S&P 500 moved up or down over 2% compared to just 2 such days so far in 2023.
- Netflix has announced the closure of its DVD red-envelope delivery business. Its DVD business generated more than $1 billion in revenue a decade ago but made just $146 million last year (around 0.5% of Netflix’s total revenue).
- According to a Pew Research study, more women are earning equal or higher salaries than their husbands. The study revealed that only 55% of marriages now have men as the sole or primary earners, a significant decrease from more than 85% in 1972.
- The S&P 500 has been in a bear market for 221 days, down over 20% from its peak. This marks the longest bear market in nearly 50 years since 1973, surpassing the selloff periods that occurred during the dot-com bubble burst in 2001 and 2008 financial crisis.
BlackRock - "Student of the Market"
Chart Daily- "Old Habits Die Hard: Netflix is Closing Down Its DVD Business"
Chart Daily- "America's Bread Winners: Five Decades of Societal Shifts"
WSJ- "The Bear Market's Biggest Survivors Share Their Biggest Lessons"
Economic Calendar
Monday:
S&P U.S. manufacturing PMI (Apr), ISM manufacturing (Apr), Construction spending (Mar)
Tuesday:
U.S. job openings (Mar), Factory orders (Mar)
Wednesday:
ADP employment (Apr), S&P U.S. services PMI (Apr), ISM services (Apr), Federal Reserve interest-rate statement (May), Fed Chair Powell press conference
Thursday:
U.S. productivity (Q1), U.S. trade deficit (Mar), Initial jobless claims (Apr), Continuing jobless claims (Apr)
Friday:
U.S. employment report (Apr), U.S. unemployment rate (Apr), U.S. hourly wages (Apr), Hourly wages year over year (Apr), Consumer credit (Mar)
| 
