Week in Review 8/14/2020

S & P 500 continues its run, threatening to hit new highs throughout the week, but equity performance on the week is mixed globally.

In US macro, CPI continues to rebound and initial claims drop below 1 million for first time since pandemic.

10 yr Treasuries shows a heartbeat as well.

Dollar decline slows in momentum and federal budget kicks back towards neutral.

Fed balance sheet contains to stay stable though was see a dip in foreign assets owned.

US Yield curve shows steepening in the long end, along with UK Gilt curve.

In commodities, agricultural products experience price spikes while the metal markets sputters a bit.

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