February 2020 Review of Market and EconomySubmitted by Tradition Advisers on February 19th, 2020
Amid uncertainty surrounding the spread of the coronavirus throughout China and internationally, global equity and bond markets reacted to supply chain disruptions and factory closures. China's vast manufacturing sector, which is an essential component of supply chains for many U.S. companies, has become vulnerable to plant closures and employee quarantines throughout the country.
Markets are concerned that the coronavirus may impede global growth and recently implemented trade agreements as shuttered manufacturing facilities may reduce Chinese exports as well as imports of raw materials and commodities into China.
Additional highlights include:
- Workers finding jobs and companies are hiring at a faster pace
- Americans have become increasingly dependent on Social Security payments
- The life expectancy average at birth for male and females is 78.7 years