COVID-19 and the impact on the U.S. economy

In this note, we attempt to measure the immediate impact of specific industry shutdowns as well as outline uncertainties around knock-on effects on consumer spending, business investment and efficacy of government stimulus.
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FS energy market commentary

FEBRUARY: The energy sector continued its rocky start to 2020 | Crude prices continued to fall and now sit 27% lower than at the start of the year | Uncertainty has taken over markets, presenting challenging headwinds for commodities and energy markets
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FS credit market commentary

FEBRUARY: The last week of February saw a global sell-off in risk assets as markets reacted to news of the coronavirus | Leveraged credit markets slid alongside a steeper drop in equities | The Barclays Agg benefited from its long duration, returning 1.80% as rates hit all-time lows during the month
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