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.