Daily Market Commentary

July 2, 2020

Bonds
Treasury fell to session lows after strong June employment report in which May data was revised higher.

Economy
Stocks shot into the green as the latest jobs data blew past expectations, with 4.8 million jobs added and the unemployment rate falling to 11.1% from 13.3% the previous week.

Global
China on Thursday warned of strong countermeasures if the U.S., Australia and the U.K. continued taking actions in response to Beijing's tough national security law in Hong Kong, saying foreign pressure would "never succeed."

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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