Daily Market Commentary

October 21, 2020

Bonds
Treasuries prices slid alongside the dollar amid speculation that Washington lawmakers will make progress on talks for stimulus legislation to be financed by trillion-dollar borrowing.

Economy
Applications for loans to buy U.S. homes fell for the fourth straight week to the lowest level since late July, a potential sign that the pandemic's housing boom is running into obstacles.

World
White House Chief of Staff Mark Meadows said the goal in talks with House Speaker Nancy Pelosi is a deal on a coronavirus relief package within the next 48 hours.

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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