July market insights
Positive news propels markets.
What it means for you
While there was a lot of good news this month, we are aware that risks remain. Inflation and GDP growth seemed to be headed in the right direction, and the job market – which so far has helped us dodge a recession – remained strong overall. That being said, we’re not out of the woods yet. Some economists are more optimistic about the economy, yet consensus forecasts still anticipate U.S. economic growth to weaken for the rest of the year. The only real certainty is that there will always be some uncertainty, and that surprises – both good and bad – will continue to move markets.
If you have any questions or concerns at all, contact your planner, who can discuss the most recent developments with you.
An index is a portfolio of specific securities (such as the S&P 500, Dow Jones Industrial Average, and Nasdaq composite), the performance of which is often used as a benchmark in judging the relative performance of certain asset classes. Indexes are unmanaged portfolios and investors cannot invest directly in an index. Past performance does not guarantee future results.