Financial News for the Week of May 29, 2020

HIGHLIGHTS OF THE WEEK Optimism on economic recovery and new fiscal stimulus measures lifted equity markets this week. Economic data continued to show the plunge in activity due to lockdown. Real personal spending was down 13.2% in April and close to 20% since February. The good news
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Financial News for the Week of May 22, 2020

HIGHLIGHTS OF THE WEEK Stock markets were in an optimistic mood heading into the Memorial Day weekend, although the economic data continues to be atrocious. Jobless claims data suggest that more job losses are coming in May. More concrete good news came from Germany and France, who an
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Financial News for the Week of May 15, 2020

HIGHLIGHTS OF THE WEEK Financial markets optimism faded this week as economic data continued to show the severe damage caused by COVID-19 and social distancing protocols. Closures of non-essential businesses all around the country, coupled with mounting job losses, resulted in retail
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Financial News for the Week of May 8, 2020

HIGHLIGHTS OF THE WEEK The start of May ushered in a barrage of sour data reports. The list included a plunge in April vehicle sales and service-sector activity falling into deep contractionary territory as indicated by the ISM non-manufacturing index. The most-anticipated report of t
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Financial News for the Week of May 1, 2020

HIGHLIGHTS OF THE WEEK The S&P 500 is on track to end the week flat, erasing some earlier momentum as economic data and earnings reports released throughout the week revealed the extent of the pandemic’s impact. The U.S. economy contracted by 4.8% annualized in the first quarter,
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