New Normal In Consumer Spending: Goods Up; Services Down

In a typical recession, consumer spending on goods (retail sales) bears the brunt of the decline, while spending on consumer services often posts modest gains. But sales patterns have flipped flop in the current downturn.

  • Aug 17, 2020 1:00 PM

The Minsk-y Pinch

There is certainly lots of risk-off momentum for markets to follow – if they can pay attention.

  • Aug 17, 2020 9:45 AM

Three Things We Learned Last Week

1. Bond bulls’ faith is being challenged by data and vaccine hopes; 2. China’s uneven recovery slows with the PBOC staying put; 3. IPOs of Chinese companies in the U.S. are booming even amid scrutiny.

  • Aug 16, 2020 9:30 PM