THE BROADVIEW

Agencies that support #marketing and #advertising efforts are likely to face increasing headwinds. Data from several sources like Nielsen, show that ad spend globally is expected to decline 8% this year. Industries hardest hit include travel, leisure, financial, and retail.

Central to the US economic recovery will be the health of business growth. Even so, data for larger firms show that #bankruptcies are trending higher. Acceleration fastest rate since 2009. One reason for this trend is a higher incident of #energy sector firms shuttering.

If you live in PA and need help paying #housing expenses, Governor Wolf encourages residents to apply for a vital state relief program. Eligible participants may receive up to $750 a month for a year.

https://www.wtae.com/article/pennsylvanians-urged-to-apply-for-rent-and-mortgage-relief-through-coronavirus-relief-bill/32999114

US stocks have had a blockbuster quarter. Many investors are now asking whether the third quarter is setting up for a repeat performance. In this week’s report, we explore why history and threats to the dominant market narrative suggest otherwise.

https://broadviewmacro.franklinmadisonadvisors.com/2020/07/02/are-stocks-setting-up-for-a-second-quarter-repeat/

Markets will remain closed in the US today in observance of #Independence Day. Data out today show that business sentiment remains weak across the pond as the latest UK Markit PMI Composite index is well in contractionary territory.