Market Insight June 21, 2020

Weekly Commentary & Strategy

Last week, global stocks rebounded on better than expected economic data and optimism of new stimulus. Below, we summarized what mattered the most for the market:

• U.S. retail sales jumped by about 18% – a record monthly increase, which signals economy is rebounding from depressed level.

• Trump administration announced a $1 trillion infrastructure plan.

• U.S. initial jobless claims declined again, last week, marking 11 straight weeks of improvement, although the decline figure has slowed.

• Federal Reserve announced that it will expand its stimulus program by buying single corporate bonds….