Weekly Market Snapshot – June 22nd, 2020
Created by: Sam Tenney
- According to a third-party survey 30% of American households missed their house payment in June. This is down only slightly from 31% who missed their payments in May and comes just as many states are beginning to see their eviction protection laws which were put in place for Covid-19 expire.¹
- Recently US and EU trade negotiations may have taken a sharp turn for the worse, with the US pulling out of late stage talks over a global tax framework for technology companies, and pursuing further tariffs for European energy companies, among other problems.²
- The Federal Reserve has said that a “yield curve control” policy remains an open question for the US. If implemented such a policy would target specific yields for bonds based on maturity date. ³
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