Economic Update 05-11-2020
- Economic data for the week remained poor from Covid effects, as expected, as ISM non-manufacturing and employment plummeted to lows not seen in years.
- U.S. and some foreign markets rose as investors looked around the bend at planned reopenings and mixed news about U.S.-China trade. Bonds ticked lower as interest rates rose along the curve along with investors anticipating a bottom in economic conditions. Commodities rose along with expectations for normalizing global supply/demand conditions.
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LSA Connect, May 11, 2020
