
Weekly Market Commentary, May 5, 2020
Economic news indicated the economic damage from COVID-19 continues to grow.
Economic news indicated the economic damage from COVID-19 continues to grow.
Leaders around the world announced steps to open up their economies by gradually reducing social distancing as the global economy continued to struggle.
Similarly to last week, investors had to weigh progress fighting COVID-19 and what that means for the future.
Investors were faced with a combination of optimistic and pessimistic news this week and opted to accentuate the positive.
The measures slowing the spread of the coronavirus are dealing severe challenges to the U.S. job market.
Markets look forward and, at least for a week, saw signs government is willing to provide support to get the economy through the coronavirus pandemic.
The ongoing battle against the coronavirus pushed markets sharply lower last week.
Stocks and bonds continued to be buffeted about by waves of data and policy actions.
The spread of the coronavirus continued, and markets swung sharply higher and lower last week.
Last week, investors moved from a “reality check” to a “gut check” as the selloff from the previous week accelerated sharply.