Daily Market Commentary

February 6, 2020

As a gauge of global stocks moves toward a record, alarm bells are ringing over the speed and scale of a rally built on hopes that the economic damage from the coronavirus will be contained.

The number of Americans applying for unemployment benefits declined last week to the lowest level since mid-April, adding to evidence that the nation's jobs engine continues to motor ahead.

China will halve tariffs on some $75 billion of imports from the U.S. later this month, reciprocating a U.S. action and likely satisfying part of the interim trade deal. The cut will be effective from 1:01 p.m. on Feb. 14 in Beijing.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

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