Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  US Economy and Credit Markets Ended July 10, 2020
Posted Under: Market Commentary Video
Supporting Image for Blog Post

Treasury yields dropped slightly last week as investors sought safe-haven government bonds in response to a rise in coronavirus cases. New coronavirus cases recorded their highest single-day increase last week, rising by more than 63,000 on Thursday, and the total number of U.S. cases topped 3 million. The rise in cases contributed to the drop in yields on concerns that it would inhibit states' plans to reopen their economies. Initial jobless claims in the week ending July 4 were 1.314 million, which slightly beat expectations and was lower than the previous week's total. Continued claims also fell, dropping by about 700 thousand from the previous week's total, which was revised lower, to 18.062 million in the week ending June 27. It was the 14th consecutive week of declining initial jobless claims and the 5th consecutive week of declining continued claims, suggesting the labor market is recovering but still badly damaged. Meanwhile, on Friday, President Trump indicated in comments that a phase-two trade deal with China is unlikely at this point. Major economic reports (related consensus forecasts, prior data) for the upcoming week include Tuesday: June CPI MoM (0.5%, -0.1%); Wednesday: July 10 MBA Mortgage Applications (N/A, 2.2%), June Industrial Production MoM (4.3%, 1.4%), July Empire Manufacturing (8.2, -0.2); Thursday: July 11 Initial Jobless Claims (1,250k, 1,314k), June Retail Sales Advance MoM (5.0%, 17.7%); Friday: July Preliminary U. of Mich. Sentiment (79.1, 78.1), June Housing Starts (1,175k, 974k).
Posted on Monday, July 13, 2020 @ 8:58 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

A Case For Investing In Two Basic Necessities
U.S. Stocks Have Outperformed Foreign Stocks Since President Trump Was Elected
US Stock Markets Ended July 2, 2020
US Economy and Credit Markets Ended July 2, 2020
The Only Constant Is Change
A Snapshot Of Growth vs. Value Investing (Small-Caps)
US Stock Markets Ended June 26, 2020
US Economy and Credit Markets Ended June 26, 2020
How Internet Stocks Have Fared Since The End Of 2002
The Tech Sector Has Been The “Gold Standard” For 15 Years
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.