Economic Updates

Keep up to date on the global economy and its impact on markets.

Recovery math: Square root of K = 0

Recovery math: Square root of K = 0

Q4 2020 | Capital Markets Outlook

The recovery has continued, but it could flatten out in the absence of more policy support.

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Bond investors face Catch-22

Q4 2020 | Fixed Income Outlook

Bond yields will likely stay near record lows amid an uneven economic rebound.

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What would the end of the pandemic mean for the bull market?

Q4 2020 | Equity Outlook

We explore what makes this recession unique, why vaccine progress could be disruptive to markets, and the potential impact of the U.S. presidential election on various industries.

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Economic Update for November 23, 2020

Economy
  • Import prices declined 0.1% and export prices increased 0.2% in October, according to the Bureau of Labor Statistics.
  • Retail sales grew 0.3% in October compared with September, the Census Bureau stated in an advance estimate.
  • Industrial production rose 1.1% in October, the Federal Reserve reported.
  • The Conference Board Leading Economic Index increased in October.
Employment
  • Initial jobless claims reached 742,000 in the week ended November 14, 2020, according to the Labor Department.
Profits
  • As of November 12, 2020, of the 463 S&P 500 Index companies reporting third-quarter earnings, 386 beat analysts’ estimates, according to S&P Dow Jones Indices.
Emotion
  • The Bloomberg Consumer Comfort Index rose 1.8 points to 49.8, reaching the highest level since April.