Economic Update 04-20-2020
- Economic news, per the new norm, reflected a slowing economy from Covid-related shutdowns. This included disappointing results in retail sales, regional manufacturing, housing, and employment.
- Global equity markets were mixed on the week, displaying far less volatility than in recent weeks, as hopes rose for reopening of the global economy sooner than later. Government bonds gained slightly, as interest rates ticked downward, faring better than corporates. Commodities were mixed, with volatility in crude oil continuing due to falling global demand.
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LSA Connect, April 20, 2020
