PMIs Shake Investor Confidence
Marc Chandler
August 21, 2020
Overview: The second disappointing Fed manufacturing survey report and an unexpected rise in weekly jobless claims helped reverse the disappointment over the FOMC minutes. Bonds and stocks rallied--not on good macroeconomic news, but the opposite, which underscores the likelihood of more support for longer. News that Pfizer's vaccine may be r…
PMIs Shake Investor Confidence
Reviewed by Marc Chandler
on
August 21, 2020
Rating: