July 1st, 2020

Summary

The S&P 500 finished the day 0.50% higher. European stocks rose by 0.24%. Asian equities were up by 0.15%.  Domestic bond yields increased from 0.655% to 0.678% and German bonds rose to -0.392%. The Japanese 10-year bond rose to 0.051%. The US Dollar fell 0.24% and Gold lost 1.07%. According to economist predictions, roughly 3.9 million jobs were created or restored in June.

Domestic Market Indices

  • The Dow Jones Industrial Average* was down 78 points or 0.30% to 25,734.97

  • The Standard & Poor's 500 Index was up 16 points or 0.50% to 3,115.86

  • The NASDAQ Composite Index was up 96 points or 0.95% to 10,154.63

International Market Indices

  • The STOXX Europe 600 Index was up 1 point or 0.24% to 361.19

  • The Asia Dow Index was up 5 points or 0.15% to 3,111.85

  • The MSCI EM Latin America Index was down 21 points or 1.13% to 1,866.55 (as of June 30th)

Bond Rates

  • The U.S. 10-year Bond yield rose to 0.678%

  • The Germany 10-year Bond yield rose to -0.392%

  • The Japan 10-year Bond yield rose to 0.051%

Commodity Markets

  • Gold (Continuous Contract) fell 19.30 to $1,781.20 or down 1.07%

  • Crude Oil WTI (NYM $/bbl) rose 0.46 to $39.73 or up 1.17%

Currency Markets

  • The US Dollar fell $0.23 or 0.24% to $97.16

  • The Euro rose $0.0018 or 0.16% to $1.1254

  • The Pound rose $0.0074 or 0.60% to $1.2476

  • The Bitcoin rose $102.66 or 1.12% to $9,252.57

CHECK YOUR ACCOUNT (for direct investors)

© 2020 by AmericaFirst Quantitative Funds.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

 

Investors should carefully consider the investment objectives, risks, charges and expenses of AmericaFirst Funds.  This and other important information about the Fund is contained in the prospectus, which can be obtained at www.AmericaFirstFunds.com or by calling our fund administrator (Mutual Shareholder Services) at 877-217-8501. Read the prospectus carefully before investing. 

 

Mutual Funds involve risk including risk including the possible loss of principal. Of course, there is no guarantee that any investment strategy will achieve its objectives.

Diversification does not ensure profit or prevent losses and there is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses. The success of the Fund’s hedging strategy will also be subject to the Adviser’s ability to continually recalculate, readjust, and execute hedges in an efficient and timely manner.  An imperfect correlation between such hedging instruments may prevent the Fund form achieving the intended hedge or expose the Fund to risk of loss.

The AmericaFirst Quantitative Funds are distributed by Arbor Court Capital.