Daily Market Commentary

October 29, 2020

Bonds
The recent surge in coronavirus cases in the U.S. and Europe is underscoring the importance of finding a vaccine as soon as possible, first and foremost for public health, but also for the global economy.

Economy
The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending, reversing much of the collapse stemming from coronavirus lockdowns.

World
China unveiled the first glimpses of its economic plans for the next five years, promising to build the nation into a technological powerhouse as it emphasized quality growth over speed.

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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