Weekly Investment Update: June 22, 2020

Equity markets advanced last week with the S&P 500 returning nearly two percent as investors tracked data on the gradual reopening of the US economy that continued to be “less bad”. For example, despite initial unemployment claims being above one million for the 13th week in a row, the initial claims continue to decline week-over-week, and those with continuing claims have been modestly declining as well since mid-May, though the number remains above 20 million Americans.

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