The Monday Mix: Feb. 17 – 23, 2020

hand holding a coffee cup and newspaper

Headlines discussed at LNWM’s Monday morning briefing:

Stocks sank and safe-heaven assets rallied (gold, US Treasury bonds) on fears that spread of coronavirus will slow 2020 global growth closer to 2%.
A key joint index for US manufacturing and services fell below 50, for 1st time since 2008 (and 2013 due to gov’t shutdown), indicating economic contraction.
— The supply of US housing for sale in Jan. 2020 was down 11% from the previous year, lowest level since 1999.
US producer prices jumped 0.5% in Jan. (vs. 0.1% expected), mostly in services, for an 2.1% annualized gain.

Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.