Market Insight July 12, 2020

Weekly Commentary & Strategy

Last week major global indices impressively closed higher, against the rise of Covid-19 cases in the U.S sunbelt states and increasing tension between U.S. and China. On Thursday, equities were shaken and bonds boosted amid some risk-off jitters. But, on Friday, equity rallied led by technology and long-term growth stocks, while Treasuries retreated with the 10-year yield safely back above 60 bps, curtesy of optimism over more monetary and fiscal stimulus and strings of positive economic surprises….