Daily Market Commentary

July 31, 2020

Blue-chip U.S. companies are slowing down on borrowing after months of massive bond sales and hanging onto the money they've raised to insulate themselves from the pandemic.

U.S. incomes fell more than expected in June as the effects of the government's one-time stimulus checks dissipated, though an increase in unemployment-insurance payments pointed to the importance of expiring federal relief.

The coronavirus pandemic sent the euro-area economy into the deepest recession on record in the second quarter, taking output back to levels not seen since early 2005.

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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