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The Monday Mix: June 22 – 28, 2020

Headlines discussed at LNWM’s Monday morning briefing:

 
US consumer spending rebounded 8.2% in May but the savings rate remained high — over 20% — due to ongoing uncertainty about jobs amid the pandemic. 
 
Close to 9% of US mortgages are now in forbearance — payment delayed for at least three months. 
 
 
The price of oil fell along with bond yields last week on concern that a second wave of Covid-19 infections would constrain global economic growth.

 

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