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June 2020 Market Commentary Thumbnail

June 2020 Market Commentary

Recent Commentary

Market Update 

The June jobs report showed a lower unemployment rate for the second consecutive month. Non-farm payrolls grew by 4.8 million, with two-fifths of the additional jobs in leisure and hospitality. The unemployment rate, which rose from 3.5% in February to 14.7% in April, fell to 11.1% in June. This report was directionally very positive, but unemployment is still high. Of the 8.3 million people who dropped out of the labor force between February and April, largely as a result of losing their jobs during the lockdowns, about 3.1 million have rejoined the labor force, either seeking employment or have been rehired. Although solid progress has been made, it is likely that the pace of recovery will slow considerably, as COVID cases increase and states’ reopening plans are put on pause. 

Market Commentary

Asset Class Performance

For a PDF version of this commentary, please click the link below.

June 2020 Market Commentary.pdf

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This material is for informational purposes only and is an overview of the capital markets and is intended for educational and illustrative purposes only. It is not designed to cover every aspect of the markets, and is not intended to be used as a general guide to investing or as a source of any specific investment recommendation. Readers should conduct their own research before making any investments. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument, investment product or service. In preparing this material we have relied upon data supplied to us by third parties. The information has been compiled from sources believed to be reliable, but no representation or warranty, express or implied, is made by Legacy One Financial Advisors, LLC, as to its accuracy, completeness or correctness. Legacy One Financial Advisors, LLC does not guarantee that the information supplied is accurate, complete, or timely, or make any warranties with regard to the results obtained from its use. Opinions included in the “What Others are Saying” section may represent, but do not necessarily represent the views of Legacy One Financial Advisors, LLC.