Consumer Spending Surges Again with Tremendous Retail Sales
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.
As consumer spending surges again, retail sales also faced a tremendous week. However, investors focused on the spreading coronavirus.
While the stock market posted nice gains this week, mortgage markets stayed relatively quiet despite the coronavirus pandemic.
Once again, the coronavirus dominated financial markets this week. In doing so, markets posted nearly unprecedented daily movements.
COVID-19 quickly expanded around the world, but the coronavirus impact on mortgage rates still remains up in the air.
With Super Tuesday and the key monthly Employment report on the schedule, the world places focus on the coronavirus pandemic.
This week, stocks plunged amidst the latest concerns regarding the coronavirus pandemic while investors shifted their to less risky assets.