Daily Market Commentary

September 23, 2020

Bonds
Treasuries moved in a narrow range before Federal Reserve policy makers speak in Washington. A gauge of the dollar broke above a key technical resistance level.

Economy
The Mortgage Bankers Association's purchasing index jumped 3.4% in the week ended Sept. 18, hitting the highest level since January 2009.

World
Johnson & Johnson has begun dosing up to 60,000 volunteers in a study of its Covid-19 vaccine, marking the first big U.S. trial of an inoculation that may work after just one shot.

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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