Our new commentary: The New Surge Renders Thursday’s June Jobs Numbers Meaningless, Almost Ensures Federal Relief in July #muniland hilltopsecurities.com/media/3871/mun… 
The June change in #nonfarmpayrolls and the new #unemploymentrate are meaningless. The new surge in infection and resultant policy adjustments are going to weigh heavily on near-term economic results. July numbers will be a better indicator. #muniland
#Florida, #Texas, and #California are among the states making re-closing policy adjustments in response to the surge in infections. #unroll @threadreaderapp #muniland
We expect this infection wave is going to push Washington lawmakers to create another #COVID19 relief package sometime at the end of July. #CARESAct #HeroesAct #muniland
We expect that in the next few weeks the @DallasFed’s Mobility and Engagement Index data will worsen and economic activity to suffer. #muniland
While before we thought another relief package would be created by the end of July, now we think it is not only very possible but almost certain. #muniland hilltopsecurities.com/media/3871/mun…
