Economic Update 03-09-2020
- Economic data last week included slower ISM manufacturing, but stronger ISM non-manufacturing/services, construction spending and a positive employment report on Friday, which surpassed expectations.
- U.S. and foreign equity markets experienced another topsy-turvy week, ending with a net gain. Investors continued to react to new cases and spread of the coronavirus. Bonds fared well, due to the ongoing flight to safety as interest rates again reached new all-time lows. Commodities were highlighted by extremely weak crude oil prices, and strength in precious metals.
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LSA Connect, March 9, 2020
