The Monday Mix: Sept. 28 – Oct. 4, 2020

hand holding a coffee cup and newspaper

Headlines discussed at LNWM’s Monday morning briefing:

Markets are weighing the impact of President Trump having COVID-19 as he continues to recover and new economic stimulus seems more likely to be passed by Congress this month.

The US added 661,000 jobs in Sept., the smallest gain since May, with just over half the 22.2 million jobs lost during the pandemic recouped so far.

The Eurozone is suing the UK for violating part of the Brexit agreement; but trade negotiations continue, with Dec. 31, 2020 the deadline for a deal.

A key index of US consumer confidence surged nearly 16 points in Sept., to 101, the biggest monthly gain in 17 years; was 132 in February.

US mortgage demand fell nearly 5% last week but is still 22% higher than a year ago, as the impact of record low mortgage rates could be slowing.

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