Week in Review 10/2/2020

Many global equity indices see a risk off week. S & P 500 had an up day on Monday, but was back where it started back Friday.

In US macro, initial claims decreased by 40k, less than expected. Headline news was the jobs report which came in light with just 660k jobs created, vs ~800k estimates.

US Debt to GDP measure for Q2 sees a jump to about 135%.

Benchmark Treasuries get a kick this week, but flag on Friday’s news of the President getting coronavirus.

The FED Dollar Indices show the dramatic strengthening of the dollar in the past couple of weeks.

Personal savings rate continued to decline from summer reopening, but latest figures still shows decent buildup of capital.

Fed asset levels drop, though the balance sheet expansion that starting in July still seems to be the trend.

In commodities, Metals struggle to recover from mid-September price drops. Agricultural bullish momentum pauses for a breath. Energies beginning to sag lower again.

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