March 3, 2020 Weekly Report

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Highlight of the Week

Stocks rebounded Monday amid stimulus hopes

  • The Dow Jones industrial rebounded from a seven-session losing streak to record its best day in more than a decade.
  • Markets responded to optimistic report that central banks will lower rates amid Coronavirus fears.

Rate Curves

July2 2019 Rate Curves

Rapid Report:

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US Coronavirus death toll rises as virus spreads worldwide

  • The virus has claimed more than 3,000 lives worldwide, including 4 in the United States. Elderly people are at a significantly greater risk of death from the virus.
  • Washington state has emerge as the center for the spreading virus stateside. There were 18 new cases reported on Monday and some schools closed Monday.
  • China’s National Health Commission has reported that 55% of individuals that have contracted the virus have fully recovered while less than 1% have died.

WSJ reports that AmEx staff mislead small business owners to boos card sign-ups

  • Some AmEx salespersons strong-armed business owners to increase card sign-ups by misrepresenting card rewards and fees, checking credit reports without consent, and even issuing cards without consent.
  • AmEx declared it was a small number of individual actors acting inconsistent with sales policies.

Joe Biden storms ahead after big South Carolina victory ahead of Super Tuesday

Pete Buttigieg WD Monday, likely giving a huge moderate boost to Biden’s campaign.

Category: Market Updates
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