- Economic data expected this week to reflect virus-related slowdowns
- S&P 500 down 30% in just five weeks; will government easing slow the negative spiral?
- EU warns of recession similar to 2009…or perhaps 1929?
This week’s upcoming data releases, including , U.S. and , and UK , are expected to begin to provide some hard numbers indicating just how severe the impact of the coronavirus pandemic will likely be on the global economy. Concurrently, fiscal and monetary policies the world over will attempt to soften the blow.
At this point, easing efforts by central banks and governments are, among other things, an attempt to shore up sinking financial markets, by regaining investor and consumer confidence while avoiding an ongoing downward spiral, which could easily spin itself into a doom loop.
SPX: Down 30% In Just Five Weeks
The lost 15% of its value last week. In the process, the final portion of three years’ worth of exuberant advances was wiped out. It was the worst weekly…
