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
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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
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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
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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
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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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Financial News for the Week of April 24, 2020

HIGHLIGHTS OF THE WEEK Markets were volatile this week as oil prices plummeted to negative territory for the first time ever. The combination of weak demand and a lack of near-term storage capacity contributed to this strange result. COVID-19 and measures to contain it have hit housin
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