Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for July. After a terrible start to 2022, markets rebounded in July. U.S. and developed international markets were up by 5 percent or more, with only emerging markets trailing. The primary driver here was the Fed. It has raised interest rates close to a neutral level, and markets are anticipating the worst of the tightening cycle has passed. But with the U.S. economy contracting for the second quarter in a row, can the rebound continue? Stay tuned to find out.

Follow Brad McMillan,  CIO at Commonwealth Financial Network, at blog.commonwealth.com/independent-market-observer