Issue 41 – The Near-Correction Removed the Froth

What Happened In the Week Ended September 25, 2020:

U.S. stocks had a volatile week. If they had not reversed course on Friday, the S&P 500 would have had an official correction. It turns out that the benchmark’s weekly loss was only 0.6% even though the progression of the coronavirus was unacceptable. Again, recent economic prints have been passable to respectable with new home sales, home mortgages, home refinance applications, existing home sales, job claims, new orders for durable goods and the PMI Composite, all continuing to move in the right direction.


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By Hubert Marleau

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By Hubert Marleau

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