Weekly Market Snapshot – September 14th, 2020
Created by: Sam Tenney
- The Consumer Price Index (CPI) rose 0.4% in August, the first inflation metrics we have seen since the fed instituted the inflation averaging policy. Core CPI, inflation minus food and energy, rose 1.7%¹
- US Imports from China have broken previous all-time highs, with imports to Long beach and Los Angeles both surging past >200% increases in volume. A shift in consumer habits away from services to physical goods purchasing may be the reason for this increase.²
- Junk Bond yields, corporate bonds with a credit rating less than BBB, have once again reached record lows. Junk bond issuances for the year have reached record highs, with $50 billion in junk bond issuances so far in 2020, beating the 2010 record of $30 billion in issuance.³
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