Daily Market Commentary

July 27, 2020

Bonds
As the five-year yield falls near all-time lows, the 10-year benchmark is again testing levels notched in the depths of the pandemic despair. Leveraged-funds keep pulling back their bearish bets to the lowest since early 2018.

Economy
Senate Majority Leader Mitch McConnell is expected to release a $1 trillion pandemic relief proposal on Monday, kicking off talks with Democrats on provisions including money for people who've lost their jobs and protections for employers reopening their businesses.

World
The biggest U.S. technology companies have gone on a buying spree this year, waving off intense scrutiny from competition watchdogs and critics who say they've bolstered their power by snatching up nascent rivals.

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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