−40%−20%0−4.6%−1×+4.6%+1×Jobless claims for the week to Feb 22, 2020: 219,000 (+9k)February 2020 monthly options expiryFed cuts rates by 50bp in an emergency moveJobless claims for the week to Feb 29, 2020: 216,000 (-3k)Jobs report for February 2020: +358k, unemployment 3.5%CPI release for February 2020: +0.1% on the month, core +0.2%Producer prices for February 2020: -0.6% on the monthFed cuts rates to zero and launches $700 billion of asset purchasesRetail sales for February 2020: -0.3% on the month