The bounce back in the S&P 500 continued last month as the S&P finished in the green for the fourth consecutive month. Let’s recap monthly performance, next.
July was another month in which a diversified portfolio generated a nice return. The S&P returned slightly above five-and-a-half percent, international developed returned two-and-a-third percent, and emerging markets returned just under 9% thanks in part to the weakness seen in the U.S. dollar. This dollar weakness also contributed to gold posting another solid month and bonds also contributed to performance as the core bond index returned one-and-a-half percent.
Speaking of gold and bonds. For the week ahead, let’s see if gold can cross above the 2000 level for the first time ever and let’s see what happens to the 10-year U.S. Treasury yield, which has been falling lately and now sits near record lows. If Treasury yields continue to fall, when does the stock market start to take notice and how does it respond?
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also subscribe to our YouTube channel and check out some of our other social media pages.
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