Financial News for the Week of June 26, 2020

HIGHLIGHTS OF THE WEEK U.S. stock markets erased their earlier gains this week as the rise in COVID-19 cases weighed on sentiment. Green shoots are continuing to emerge in the economic data. Consumer spending rebounded by 8.2% in May driven by surging durable goods orders. Home sales
Continue Reading →

Financial News for the Week of June 19, 2020

HIGHLIGHTS OF THE WEEK Equity markets were up on the week on expectations for further monetary stimulus and signs of positive momentum in the United States. Retail sales rose more than expected in May, and manufacturing sentiment rebounded sharply in June. Indicators like these led us
Continue Reading →

Financial News for the Week of June 12, 2020

HIGHLIGHTS OF THE WEEK Equity markets digested the possibility of a long and arduous economic recovery by pulling back this week. At the time of writing, the S&P 500 was down 4% from its close last Friday. The Fed’s updated economic projections played a role in the decline. Fed me
Continue Reading →

Financial News for the Week of June 5, 2020

HIGHLIGHTS OF THE WEEK Investors appeared to shrug off some recent concerning developments, focusing instead on the reopening of the economy and nascent signs of growth. Economic data offered some support to this narrative. While jobless claims data had continued to point to a rise in
Continue Reading →