Commonwealth’s Chris Fasciano recaps July’s market and economic news. The market rally continued last month, as strong corporate earnings growth and optimism on trade lifted stocks. The S&P 500, Dow Jones, and Nasdaq were all up low single digits for the month. The story was mixed internationally, with developed international stocks down while emerging markets rallied for the third straight month. Turning to the economy, the news was broadly positive. The economy grew at an annualized rate of 3 percent in the second quarter, beating expectations and signaling a healthy economic backdrop. But will surprises on policy issues serve as a headwind in the months ahead?
Learn more in Commonwealth’s Market Thoughts blog: blog.commonwealth.com/independent-market-observer
