Daily Market Commentary

October 27, 2020

Bonds
Companies piling on debt to get through the pandemic may end starting a bankruptcy wave in the second quarter next year if Covid-19 drags on, says Perella Weinberg Partners Group LP's restructuring chief.

Economy
Home prices in 20 of the largest U.S. cities rose the most in two years in August as low mortgage rates spurred competition for an increasingly scarce supply of listings.

World
Stocks have been knocked around in recent weeks by speculation about whether lawmakers will pass a fiscal stimulus package, but with almost no possibility of that happening before Americans vote Nov. 3.

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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