Weekly Economic Perspectives: US Consumer Sentiment Collapses Amid Virus Lockdowns
Last Week's Highlights
The Economy: The macro data is beginning to reflect the new Covid-19 realities on the ground. In many cases, that means either record or nearly unprecedented deterioration. But markets are seemingly already focusing away from these coincident signals to early indications that social distancing may be starting to bend the infection curve.
The Market: Big risk-on week on hopes of virus containment. Bond yields end modestly wider. The dollar weakens late in the week. Oil still clocks a big loss for the week despite OPEC/Russia hopes.