Economic Update 03-02-2020
- While overshadowed by volatile financial markets last week, economic data included strong housing results and prices, decent increases in consumer confidence, as well as durable goods orders that declined less than expected.
- Equities in both U.S. and foreign markets experienced their worst week since the financial crisis, driven lower by uncertainty about the economic impact of the coronavirus outbreak. Bonds fared well, though, coupled with treasury interest rates reaching new lows for the cycle. Commodities also suffered due to dampened prices for crude oil—affected by perceived lower demand.
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LSA Connect, March 2, 2020
