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The Monday Mix: Sept. 21 – 27, 2020

Headlines discussed at LNWM’s Monday morning briefing:

About 400,000 fewer US homes have been listed for sale since Covid-19 began; roughly a 3-month supply of both existing and new homes is on the market (6-month supply is considered balanced). 

U.S. business activity expanded at a slightly slower paced in Sept., with the service sector down and manufacturing up, per a key index.

The FTSE Russell index will add Chinese bonds to its flagship World Government Bond Index, allowing more foreigners to invest in Chinese debt. 

The European Central Bank is planning to bypass Wall Street by selling online hundreds of billions of dollars in bad bank loans directly to interested investors. 

US gasoline demand (the latest 4-week average) was down 9% from a year ago, driving oil prices lower along with renewed concerns a rebound in Covid-19. 

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