Economic Update 05-18-2020
- Economic data continued to reflect the negative reality of Covid closures, with retail sales and jobless claims continuing to show extreme weakness, as well as a deceleration in inflation. On the other hand, manufacturing sentiment gained a bit—especially in future expectations—while consumer sentiment also improved.
- Global equity markets fell back last week, as sentiment soured surrounding economic data, further stimulus, Covid infection rates, and foreign relations. Bonds were flat to higher with interest rates remaining tempered. Commodities rose slightly as crude oil prices continued to recover.
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LSA Connect, May 18, 2020
