July 06, 2020

Stocks rose sharply today after June’s ISM non-manufacturing index jumped from 45.4% in May to 57.1%—its biggest increase on record.  The Dow and S&P are up about 1.4% each,  while the Nasdaq rose 2.2% to a new intra-day record.  Equities were up in Europe and China too,  as economic optimism and ongoing central bank stimulus aid continues to offset pandemic fears, even as case numbers continue to rise.  Gold is currently trading at $1,785, holding strong as COVID uncertainty continues to boost its haven appeal.