Early economic indicators show that China’s manufacturing sector improved in March versus an abysmal February. However, February’s abysmal data wasn’t hard to beat.
In light of our recent recession call, we address a variety of follow up questions we have fielded recently.
Stocks continue to move in dramatic fashion. The coronavirus shock led to investor panic and forced selling, taking the S&P 500 from a record high to a 34% decline in a little over a month’s time.
Market Pulse combines thought leadership and the best of heritage BB&T Wealth and SunTrust weekly economic and investment insights.
We recently changed our base case for the US economy, which now calls for a US recession.
This report is the tip of the iceberg in terms of bad economic data as the coronavirus (COVID-19) closures cascade through the US economy.