News & Events

The Weekly Wrap - June 19, 2020

The financial markets continue to grapple with conflicting forces. On the positive side, the economy is steadily mending as the easing of lockdown restrictions allows shuttered businesses to reopen and enables households to unlock a torrent of pent-up demand. Factories are coming back to life, millions of workers are being rehired and cash registers are ringing again. Record low mortgage rates, the onset of spring and improving sentiment are spurring a burst of activity in the housing market. For the most part, economic indicators are showing more strength than expected, confirming that the worst of the Covid-19 recession is behind us.