(18 JUNE 2020)DAILY MARKET BRIEF 1:Some profit-taking.

<p>Investors hesitate between taking profit and letting the market slip on second-wave fears and carrying the actual rally higher on reassurance that the Federal Reserve (Fed) and other central banks would mobilize more measures to support asset prices. And it seems as today is the profit-takers’ turn to move the markets. US equity futures are down in Asia after a mixed US session, where the S&amp;P500 (-0.36%) and the Dow (-0.36%) closed in negative as Nasdaq (+0.15%) secured timid gains. On a side note, we believe that the latest revelations about Donald Trump asking Xi to help him re-win the November election by buying massive quantities of farm products wasn’t a shocker and should have little-to-no impact on market direction, as Trump’s intention in striking the phase-one deal was already clear to investors. If there is one serious threat to Trump’s victory this year, it is the pandemic that has ravaged the economy as never before and China could do only little to help him get through</p>