Market Brief – Friday 6/19/20

Stocks and Treasury yields were flat in overnight trading but moved higher in pre-market trading after an unconfirmed report that China was going to start making good on its Phase 1 trade deal commitments, which it has not. Without any economic news on the docket, today to drive stock prices, stocks and Treasury yields were giving back their gains in early trading.

Option expiration day is usually very volatile but today it was benign. Stocks closed down slightly and after starting the day higher, Treasury yields closed unchanged from yesterday.