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Economic Update 9-28-2020
- Economic data for the week included a rise in durable goods orders and strong housing results, while jobless claims remained elevated.
- Global equity markets lost ground globally by several percent, as economic concerns continued to fester in the wake of the pandemic. Bonds were mixed, with treasuries gaining a bit, while credit pulled back. Commodities lost ground across the board along with a stronger dollar and a less clear demand/supply picture.
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LSA Connect, September 28, 2020