Daily Market Commentary

February 14, 2020

Bonds
Treasuries have delayed reaction to a raft of economic data including soft January retail sales control group, although headline and core figures were broadly in line with estimates.

Economy
U.S. factory output fell in January on the production halt for Boeing Co.'s 737 Max, showing how the grounding of the troubled plane will weigh on manufacturing and the broader economy in coming months.

Global
China answered some of the questions about a spike in coronavirus cases earlier this week, confirming that it was a one-off increase rather than a daily toll. U.S. Health and Human Services Secretary Alex Azar said American experts are waiting for final clearance to travel to China and help fight the outbreak.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

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