Daily Market Commentary

June 30, 2020

Bonds
The Federal Reserve is preparing for the possibility of an economically debilitating second wave of coronavirus infections even as it's hoping that can be avoided.

Economy
More U.S. retail companies sought bankruptcy protection in the first half of 2020 than in any other comparable period. Energy filings piled up at the fastest pace since oil prices plunged in 2016.

Global
European Union governments extended a travel ban for U.S. residents, deeming the American response to the coronavirus pandemic insufficient to allow its citizens to enter the bloc for non-essential reasons.

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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