Economic Update 04-27-2020
- Economic data for the week continues to reflect the current extreme slowdown, increasingly, as the March and April numbers are calculated and released. Jobless claims continued to come in at all-time highs, durable goods orders fell, and housing has begun to be affected as well.
- Global equity markets fell back last week due to concerns over plummeting oil prices, continued uncertainty over Covid lockdown timelines, and possible profit-taking. Bonds were little changed. Commodities were strongly affected by a drop in crude oil prices below zero briefly, before recovering a bit.
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LSA Connect, April 27, 2020
