It’s a tall order but housing’s enjoying a V recovery and history suggests that this key slice of the economy plays a critical role in the business cycle. Is this a macro silver bullet for 2020 and beyond?

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Global coronavirus death toll passes 1 million: CNBC
Conflict on Russia’s southern border at risk of escalating into all-out war: NPR
Tuesday marks a critical juncture for prospects for a pre-election stimulus bill: BBG
EU won’t accept UK backtracking on Brexit deal, EU minister writes: Reuters
Eurozone consumer confidence continues to rebound in September: BBG
Dallas Fed Mfg Index posts stronger growth in September: DF
Biden holds sizable lead over Trump in polls ahead of tonight’s first debate: RCP