The ETF Report

Stocks clawed back despite unemployment claims surging by 3.28 million last week.

The VanEck Vectors Gold Miners Exchange-Traded Fund has fallen 10.14 percent in 2020, significantly lagging the 7.4 percent gain in the price of gold.

U.S. shale companies were pummeled this month by oil prices that tumbled as much as 63 percent from March 9 when Saudi Arabia slashed prices for its customers and lowered production in response to Russia's refusal to join OPEC in deepening output cuts. 

Jobless claims are expected to surge to 1 million last week, with estimates running as high as 4 million

Airlines, hotels, casinos, advertising and restaurants have seen drops from all-time highs ranging from a 29 percent fall by restaurants to a 69 percent plunge for casinos and gaming.

Gold will benefit from the Fed's open-ended asset purchases and the government's massive stimulus plan, Peter Schiff says.

West Texas Intermediate crude oil, the U.S. benchmark, has plunged by 63 percent since Jan. 6, dragging down shares of Exxon Mobil and Chevron by 52 percent and 48 percent, respectively.