Week in Review 8/21/2020

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Most global equity indices give up some gains but S & P 500 holds relatively steady.

Jobless claims swings back above 1 million.

Benchmark Treasury yields dip back down.

Dollar drops on the week as well.

Real estate continues to be healthy, with both New Building Permits and US Real Estate Loans continuing on uptrends.

Fed assets seem to crest back towards an increase in the balance sheet, but otherwise remains largely unchanged from previous trends.

We see a slight widening in credit spread levels on the week.

US Treasury curve in line with other weekly data with a flattening on the long end.

Q2 GDP data from advanced economies confirm the global productivity drop.

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