July 1, 2020

Stocks are up slightly to begin Q3 after having their best quarter in decades amid ongoing pandemic recovery. The Dow, Nasdaq, and S&P 500 rose 17.8%, 30.6%. and 21.6% respectively between April and July after crashing in late March. Gold is down about 1.2% after reaching its highest level in nearly 9 years yesterday, just under $1,800/oz. Today’s ADP employment report showed 2.37 million private-sector jobs were added in May, falling short of the 3.5 million expectation.