July was a strong month for equity markets while fixed income markets were essentially unchanged. The S&P 500 added 3.2% led by Energy (7.4%), Communications (6.9%) and Financials (4.9%). The small cap Russell 2000 index gained 6.1% and Value (3.5%) and Growth (3.4%) ran roughly even. Yields on U.S. Treasuries nudged higher as the 10-Year Treasury rate rose to 3.97% from 3.81% and the 5-Year U.S. Treasury rate ended at 4.2% up from 4.1%. Bond indices were virtually unchanged with the Bloomberg Aggregate Bond Index declining 0.07%, Corporate bonds adding 0.34% and Muni bonds adding 0.40%.

RECENT INSIGHTS

June 10, 2024

Key Takeaways U.S. economic resilience continued to surpass expectations, but early signs of a slowdown may be emerging. Slowing growth...

READ MORE
May 9, 2024

Key Takeaways After a strong Q1 saw the S&P 500 jump over 10%, equity markets retreated in April with U.S....

READ MORE
April 15, 2024

Key Takeaways The first quarter was a continuation of late 2023, characterized by stronger-than-anticipated growth paired with tamer inflation and...

READ MORE