Economic Update 07-27-2020
- Economic data for the week included stronger results for housing prices and sales activity, some of which was due to continued tight inventories. The index of leading economic indicators also showed signs of improvement. However, jobless claims rose, which disappointed relative to expectations.
- U.S. equity markets lost ground last week, while developed foreign markets offered mixed results, and emerging markets rallied a bit. Bonds also fared well as interest rates declined further. Commodities rose on the back of energy and precious metals.
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LSA Connect, July 27, 2020
