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https://www.blog.invesco.us.com/economic-data-shows-improvement-but-infection-rates-prove-difficult-to-control/

Economic data shows improvement, but infection rates prove difficult to control – Expert Investment Views: Invesco Blog

2020-06-25 14:38:32, Kristina Hooper Chief Global Market Strategist, source

Content Categorization
/Business & Industrial
/News

Word Count:
1528

Words/Sentence:
22

Reading Time:
10.19 min

Reading Quality:
Adept

Readability:
13th to 15th

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The overall infection rate in the US has risen modestly, but that belies a significant rise in infection rates in a number of US states – including Arizona and Florida.

I do remain concerned that an escalation in tensions between the US and China – including a re-ignition of the tariff wars – is a distinct possibility as we near the November election in the US, although that's not my base case.

As we look to the coming week, I expect more of the same: economic data indicating signs of improvement, but infection rates that are worse than we would like to see.

Last week we learned that in the US, May retail sales rose a whopping 17.7% from the previous month.1 This was the biggest increase on record and far exceeded expectations – a very substantial rebound after an abysmal April.

The good news is that, given a strong contact tracing infrastructure and a quick reaction, there have only been 137 confirmed cases as of June 17.5 But it has caused this major city to lock down neighborhoods, cancel flights and close schools.

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