Economic Update 08-24-2020
- Economic data for the week included strength in a variety of housing metrics, continued improvement in a broad index of leading economic indicators, but a pullback in several regional manufacturing indexes.
- U.S. equity markets gained upon continued stronger economic data and hopes for a near-term vaccine, while foreign stocks lost ground due to continued uncertainty over global trade relations and a virus uptick. Bonds fared well as interest rates ticked downward again. Commodities were mixed, with little change in oil prices, while natural gas prices again spiked.
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LSA Connect, August 24, 2020
