b'The CompassJuly 2019news & tips from DFGSpecial Update: Quarterly ReportThe Week on WalStreet Whats to Come F irst,theADP(AutomaticData lInaholiday-shortenedweek,stockProcessing) National Employment Report, pricesturnedhigherasencouragingThe rally that started in late Marchwhichreportedprivate-sectoremployers economicdataoutweighedanincreasecontinued in the second quarter. Tradersadded 2.37 million jobs in June. Next, an inCOVID-19casesandarollbackinwere encouraged by better-than-expectedupdateonjoblessclaims,whichshowed economicre-openings. earnings in certain industries, positive news1.43millionclaims,slightlyhigherthan TheDowJonesIndustrialAverageroseabout potential COVID-19 treatments andestimates.Andfinally,theJune 3.25%,whiletheStandard&Poorsvaccines, and the commitment of the FederalemploymentreportfromtheBureauof 500increasedby4.02%.TheNasdaqReserve to address turbulence in theLabor Statistics, which showed 4.8 million CompositeIndexgained4.62%fortheeconomy and the markets.jobsadded,andtheunemploymentrate week.TheMSCIEAFEIndex,whichfalling to 11.1%. Both numbers were better tracksdevelopedstockmarketsAll three of the big Wall Street benchmarksthan expected. , , overseas,pickedup0.22%.,,recorded their best quarters of the century. The Nasdaq Composite closed at 10,020.35While the employment numbers painted a on June 10, reaching a new milestone. Themostly positive picture, its important to TheQuarterinBrief Nasdaq ended Q2 at 10,058.77; the S&P, atremember that the June wave of rehiring Asanewquarterbegins,welookback3,100.29; the Dow Jones Industrial Average,waspriortotheincreaseinCOVID-19 onaneventfulsecondquarterforat 25,812.88. ,cases,whichhascausedsomestatesto householdsandinvestorsalikearevisit their re-opening plans. quarterinwhichtheeconomytookaAs this quarter starts, investors are mightyhit,whilethestockmarketwondering is the worst of this recessionTHIS WEEK: KEY ECONOMIC DATAsoared.Complyingwithstay-at-homenow behind us? A quick answer may proveMonday:PurchasingManagersIndex orders,Americansabruptlycutbackonelusive. The third quarter may bring more(PMI) Services Index. Institute for Supply discretionaryspending,traveling,andsignals that Main Street is bouncing back,Management(ISM)Non-Manufacturing commuting,resultinginadirebut it could also bring a reversal ofIndex. scenarioforsomeindustries.economic momentum if states continue toTuesday:JobOpeningsandLabor Unemploymentroseasbusinesshalt or reverse phases of opening. For theTurnover Survey (JOLTS). revenuedeclined.Fundamentalmarket to climb higher off of its Q2 melt-up,Thursday: Jobless Claims.economicindicatorssawbigswings,earnings and economic indicators have to andononetradingday,oilpriceskeep showing improvement or least stability.THISWEEK:COMPANIESREPORTING actuallycollapsedintonegativeThe same goes for COVID-19 case counts. IfEARNINGSterritory.Homesbecameeasiertothey keep rising this summer, the bulls couldTuesday:Paychex(PAYX),LeviStrauss finance; though,transactionsdeclined.easily be held back. (LEVI).TheFederalReservemadeproactiveWednesday: Bed, Bath & Beyond (BBBY).movestotryandfosterabitmoreJobs, Jobs, JobsThursday:DeltaAirlines(DAL), economicstability.WhileMainStreetWalgreens Boots (WBA).quieted,WallStreetrallied,sensingThe ultimate measure of economic recovery is jobs for thataneconomicreboundmightbeAmericans, and last week, Wall Street got an update starting.TheStandard&Poors500 gained19.95%forthequarter.from three different perspectives.Meet our Financial ProfessionalsWe are delighted to begin sending out this montly newsletter to you.CLICK HERE to learn more about Mark Sollomidfgprivateclient.com'