The Monday Mix: May 4 – 10, 2020

coffee cup

Headlines discussed at LNWM’s Monday morning briefing:

US private sector payrolls fell by 20.2 million jobs in April, the worst monthly job loss ever, although much of it could prove temporary.

The futures market is pricing in negative US interest rates by next April, something the Fed has said it wants to avoid; Fed Chair Powell to speak on economy this Wed.

US and Chinese officials are moving ahead with a “Phase 1” trade deal, even as Trump mulls termination.

Eurozone countries are continuing to lift COVID-19 lockdowns cautiously, with Germany showing a slight but worrisome rise in infection rates.

US consumer debt was at a record $14.3 trillion at the end of March 2020; last previous record was $12.7 trillion in 3rd quarter 2008.

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.