Weekly Economic Update

Economic Update 3-30-2020

  • Economic news for the week was largely focused on dramatic actions from Congress and the Federal Reserve, intended to stem damage from the coronavirus-related shutdowns that have just begun. Other released data from months prior to the virus outbreak is now largely considered ‘stale’, but included mixed results for new home sales and durable goods orders.
  • Global equity markets rebounded sharply last week as extensive stimulus measures in the U.S. and Europe raised optimism about the global economy slogging through the months ahead. Bonds also fared well, especially in corporates as new government facilities improved sentiment and liquidity. Commodities were mixed with gold faring well while oil remained weak.

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Weekly Economic Update

Economic Update 3-23-2020

  • Economic news last week was largely dwarfed by the dramatic efforts in progress by Congress and the Federal Reserve to stem the tide of economic and financial market damage from coronavirus-related shutdowns. Other released data included weaker retail sales and manufacturing indexes, while housing data exceeded expectations.
  • Global equity markets experienced their worst week since the financial crisis, with medical and economic fallout from the coronavirus expected to drive the world economy into recession. Bonds were also mixed, with U.S. treasuries providing some safe haven benefit, while corporate bonds suffered as spreads widened, particularly in mid- and lower-quality issues. Commodity values also fell, led by new multi-year lows in oil prices due to Russia-Saudi production and policy conflicts.

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COVID-19 PART 3…THE SAGA CONTINUES

LSA members, please make sure to login to http://www.LSAbeta.com to register for the LIVE webinar tomorrow morning, 3/20/20 at 10 AM Central.  You can find the link in the “News & Announcements/Bulletin Board” feed.  You should have also received an email with the login information as well (keep an eye on Junk/Clutter/Spam).  We look forward to hosting you!

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Weekly Economic Update

Economic Update 3-16-2020

  • In a very light week for economic data, producer prices fell sharply in February, while consumer prices increased slightly. Consumer sentiment also declined a bit, likely in keeping with uncertainty over coronavirus effects. However, over the weekend, the Federal Reserve cut rates by a percent again to near zero in an effort to help stem economic damage.
  • Global equity markets were severely challenged, to say the least, with U.S. markets experiencing their worst one-day percentage drop since 1987, and worst overall week since the financial crisis, bringing declines into bear market territory. Bonds lost ground on net, with yields rebounding after hitting all-time lows for some maturities. Commodities also fared poorly, with continued weakness in oil prices.

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LIVE TODAY: Market Update, Volatility and Revisions

REMINDER to join our LIVE webinar today at 11 AM Central.  To register:  CLICK HERE!

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Model Update, Market Volatility & Portfolio Changes

Join us tomorrow, March 13, 2020 for a LIVE webinar.  We will be discussing model portfolio updates, volatility and model revisions.  To register,  please CLICK HERE.

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Weekly Economic Update

Economic Update 3-09-2020

  • Economic data last week included slower ISM manufacturing, but stronger ISM non-manufacturing/services, construction spending and a positive employment report on Friday, which surpassed expectations.
  • U.S. and foreign equity markets experienced another topsy-turvy week, ending with a net gain. Investors continued to react to new cases and spread of the coronavirus. Bonds fared well, due to the ongoing flight to safety as interest rates again reached new all-time lows. Commodities were highlighted by extremely weak crude oil prices, and strength in precious metals.

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Weekly Economic Update

Economic Update 3-02-2020

  • While overshadowed by volatile financial markets last week, economic data included strong housing results and prices, decent increases in consumer confidence, as well as durable goods orders that declined less than expected.
  • Equities in both U.S. and foreign markets experienced their worst week since the financial crisis, driven lower by uncertainty about the economic impact of the coronavirus outbreak. Bonds fared well, though, coupled with treasury interest rates reaching new lows for the cycle. Commodities also suffered due to dampened prices for crude oil—affected by perceived lower demand.

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Weekly Economic Update

Economic Update 3-02-2020

  • While overshadowed by volatile financial markets last week, economic data included strong housing results and prices, decent increases in consumer confidence, as well as durable goods orders that declined less than expected.
  • Equities in both U.S. and foreign markets experienced their worst week since the financial crisis, driven lower by uncertainty about the economic impact of the coronavirus outbreak. Bonds fared well, though, coupled with treasury interest rates reaching new lows for the cycle. Commodities also suffered due to dampened prices for crude oil—affected by perceived lower demand.

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Weekly Economic Update

Economic Update 2-25-2020

  • On a shortened holiday week, economic data included stronger regional manufacturing results, a rebound in the broader measure of leading economic indicators, and decent housing data.
  • U.S. and foreign equity markets fell back last week as the economic impact of the coronavirus again negatively weighed on market sentiment. However, bonds fared well, as investors sought safety. Commodities were mixed, featuring stronger results for precious metals and the energy sector.

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Weekly Economic Update

Economic Update 2-18-2020

 

  • Economic data for the week included improvements in retail sales, jobless claims, and consumer sentiment; industrial production declined for the month, led by some idiosyncratic factors. Consumer and import price inflation remained tempered, in line with recent trends.
  • U.S. equity markets gained on the week as progress in containment of the coronavirus appeared to raise hopes for mitigating economic damage from the contagion. Foreign stocks gained slightly in local terms, but were held back by a stronger dollar. Bonds were little changed, with credit outperforming governments. Commodities gained, especially in energy and industrial metals, which are most sensitive to economic activity.

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Weekly Economic Update

Economic Update 2-10-2020

  • Economic data for the week featured an unexpected rebound in manufacturing sentiment, continued strength in non-manufacturing/services sentiment, as well as an upside surprise for the employment situation report for January.
  • Global equity markets recovered last week, with progress noted on virus containment as well as financial stimulus from the Chinese government. Bonds lost ground as investors moved back into risk assets, pushing interest rates higher. Commodities were mixed, with crude oil prices seeing continued pressure from demand concerns and high inventories.

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