Daily Market Commentary

February 19, 2021

Bonds & Stocks
U.S. equities snapped the longest losing streak since December as attention shifted from rising bond yields to corporate earnings. The dollar weakened for a second day and oil fell.

The International Monetary Fund is weighing in on the debate over U.S. President Joe Biden's $1.9 trillion stimulus proposal, saying that it sees only limited inflation risk, a rebuttal to some critics who worry about the American economy overheating.

President Joe Biden will re-introduce himself and the U.S. to world leaders at a pair of international conferences on Friday, calling on industrialized democracies to partner in confronting the pandemic and climate change in a sharp departure from his predecessor's foreign policy.

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