Daily Comment (August 17, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA

[Posted: 9:30 AM EDT] | PDF

Happy Monday.  Equity markets are higher this morning as the S&P 500 slowly trends toward a new high.  Foreign news leads off our comments this morning, with a special focus on Belarus.  China news is next, followed by market and economic news.  We close with the pandemic update.  Here are the details.

Foreign news:

China news:

Market and Economic news:

COVID-19:  The number of reported cases is 21,707,773 with 775,926 deaths and 13,690,055 recoveries.  In the U.S., there are 5,404,115 confirmed cases with 170,052 deaths and 1,833,067 recoveries.  For illustration purposes, the FT has created an interactive chart that allows one to compare cases across nations using similar scaling metrics.  The FT has also issued an economic tracker that looks across countries with high frequency data on various factors.

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