(Download the full report HERE)

Market Highlights

• Markets moved through July with relative calm, as the S&P 500 was up for a third straight month and saw no moves up/down more than 1% for the first time in two years.
• The S&P 500 rose +2.24% and is now up +8.59% so far this year.
• U.S. Small Caps continued to rally with the Russell 2000 Index up +1.73% in July.
• The Information Technology (+5.19%) and Utilities (+4.94%) sectors led the S&P 500 higher during the month.
• The Russell 1000 Growth Index (+3.78%) outperformed the Russell 1000 Value (+0.57%) in July to regain style leadership year-to-date.
• A rebound in the US Dollar hurt developed international stocks in July, with the MSCI EAFE falling -1.40%. The MSCI Emerging Markets Index was up +1.95% despite headwinds from a stronger USD.
• The Fed left rates unchanged in July in the face of growing political pressure, and 10- year Treasury yields remained relatively rangebound. The Bloomberg US Agg Index was down -0.26% for the month and is now up +3.75% so far this year. 

Download the full report HERE to see index returns and more. 

Sources:

1. Morningstar Direct, MSCI 

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