Weekly Market Updates – May 2020

//Weekly Market Updates – May 2020

Weekly Market Updates – May 2020

2020-05-20T12:01:50+00:00May 18th, 2020|

Presented by Matt Glova and the LifeTime Asset Management team:

May 18, 2020

Global equities moved lower this past week. Jitters surrounding the restart of the economy as well as increased tensions with China were potential reasons for the sell-off. Trade tensions with China flared as the U.S. placed new export restrictions on semiconductors and Huawei products. Beijing responded with threats to place restrictions on Qualcomm, Cisco, and Apple.

Click here to read the full weekly market update published May 18, 2020.

May 11, 2020

The 10-year Treasury yield spiked to 0.74 percent last week before dropping to 0.60 percent on Friday and opening at 0.68 percent on Monday. The 2-year yield opened at 0.15 percent, while the 30-year yield opened at 1.40 percent. April’s Consumer Price Index (CPI), Producer Price Index (PPI), and retail sales will be released this week, giving us a better understanding of the pandemic’s effects on the economy and likely spurring some additional volatility.

Click here to read the full weekly market update published May 11, 2020.

May 04, 2020

On Thursday, March’s personal income and personal spending reports were released. Personal income fell by 2 percent during the month, against expectations for a 1.7 percent decline. Spending fell even further, with a 7.5 percent drop, against expectations for a more moderate 5.1 percent decline. This was the worst single month for spending growth on record, far surpassing the previous monthly record of a 1.4 percent decline back in November 2008.

Click here to read the full weekly market update published May 04, 2020.