US Stocks Flirting With Fourth Weekly Decline: It’s only Wednesday, Sep. 23, but the downside bias for US equities is building. At today’s close, Vanguard Total US Stock Market (VTI) shed 2.6% for the week so far. Today’s sharp pullback more than reverses two days of moderate gains and so it doesn’t take a raging bear to imagine that VTI is flirting with its first run of four straight weekly declines in more than a year.
Nearly every corner of global markets has rebounded sharply since the coronavirus crash pulled the rug out of asset prices in March. The US bond market is no exception, which has enjoyed a strong rally. Leading the way higher within the fixed-income realm by a wide margin: long-term corporate bonds, based on a set of exchange-traded funds.
House passes legislation to avoid government shutdown: CBS
Wisconsin declares state of emergency as Covid-19 cases spread on colleges: ABC
Coronavirus’s rebound is weighing on the global services sector: WSJ
Eurozone growth slows to a crawl in Sep, PMI survey data shows: IHS Markit
UK’s economic recovery hits setback in Sep as output slows: IHS Markit
Japan’s recession continues in September, PMI survey data suggests: IHS Markit
Growth picked up in Richmond Fed Mfg Index for September: RF
US existing home sales rose to 14-year high in August: CNBC