Economic Update 01-11-2021
- Economic data for the week included stronger reports for ISM manufacturing and services, while the employment situation for December weakened more than expected.
- Equity markets rose several percent globally, with the U.K. and emerging markets leading other regions, with hopes for larger U.S. stimulus upon the victory of both Georgia Democratic Senate candidates, and in spite of a riot at the U.S. Capitol. Bond prices fell back as interest rates ticked higher based on additional stimulus expectations. Commodities rose, with continued recovery gains in crude oil—which rose back above $50/barrel.
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LSA Connect, January 11, 2021
