Economic Update 05-04-2020
- Data for the week included lackluster results for Q1 economic growth, personal income and spending, manufacturing, and jobless claims. These were all as expected due to the rapid business shutdowns since March.
- U.S. and foreign equity markets were mixed last week as sentiment wavered back and forth surrounding virus and economic news. Bonds were little changed on net, with central bank policy consistently accommodative. Commodities rose as crude oil prices rebounded back from dislocations the prior week.
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LSA Connect, May 4, 2020
