November 2020 Middle Market Monitor

Economic indicators were mixed in October as the U.S. advances along its recovery from the impact of COVID-19. The unemployment rate and the Consumer Confidence Index both declined over the month while the Consumer Price Index remained unchanged. The public markets saw another month of decline with the S&P 500 posting a loss of 2.8%. M&A activity rose despite decreases in cross-border transactions and leveraged buyouts.