New Yorkers can eat outside and shop inside as reopening moves into Phase 2.
More young people in the South are testing positive as coronavirus demographics shift.
Protest zone in Seattle experiences two shootings in less than 48 hours.
CURRENT MARKET DRIVERS
The markets continue bobbing around today while waiting for the next thing.
Large tech stocks drive gains on Wall Street, offsetting rise in coronavirus cases.
THINGS TO LOOK FOR
The past few days have felt more like the middle of the summer, rather than the end to one of the most eventful quarters in stock market
history. Sleepy markets seem to be floating along with the news current, drifting whatever direction the news of the day wants to push them.
Optimism about reopening props up the markets. Worry over the coronavirus, coupled with social unrest, nudges the markets downward. The
market is just treading water waiting on the next set of data to direct its next turn.
The upcoming weeks will provide that data, starting next week with June unemployment numbers. That number could jump-start the market,
though the full impact of that data might not be felt until after the July 4 holiday weekend. Earnings and additional data should show that even
though Q2 can be described as pretty ugly, we will be out of one of the shortest recessions in history. This week and early next week are a
good opportunity to prepare for what comes next. Reach out, re-engage and rebalance.
ECONOMIC VITAL SIGNS
1223463-1 Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC. The advisory firm providing
you this report is an independent financial services firm and is not an affiliate company of AE Wealth Management, LLC. Investing involves risk, including
the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. The information and
opinions contained herein, provided by third parties, have been obtained from sources believed to be reliable, but accuracy and completeness cannot be
guaranteed by AE Wealth Management. This information is not intended to be used as the sole basis for financial decisions, nor should it be construed
as advice designed to meet the particular needs of an individual’s situation. None of the information contained herein shall constitute an offer to sell or
solicit any offer to buy a security or insurance product.