Ironwood Recap – Week of Feb 10th, 2020

The markets had a second good week in a row with The S+P gaining about 1.5% and the Dow gaining about 1%. The 10 year Treasury bond was little changed at 1.59%. The coronavirus concerns seem to be fading a bit into the background as the issue seems to be mostly contained within China and there are few cases of it spreading in the US.

The January Consumer price index and CPI came in low, showing inflation is still being held at bay. Retail sales for January were in line with expectations and consumer sentiment for Feb is higher than the previous period, all pointing to an economy that is chugging along nicely.

Next week we get some housing data and the PPI along with other leading economic indicators.

~ Alex

Financial Planning, Investment Management, Market Update, Tucson

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