Hope Floats: July 2022 Markets
Markets staged a comeback in July as U.S. equities posted their best monthly gains since November 2020. (1) The S&P 500 equity index rose 9.11%, the tech-heavy Nasdaq finished up 12.4%, while the Dow posted gains of 6.7%. (2) Gains were fueled by better-than-expected financial results from America’s biggest companies, as well as bets that the Fed might dial back monetary policy tightening sooner than expected. (3)
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A Bruising First Half Performance: June 2022 Markets
Last month, we noted expectations from PIMCO Economist Allison Boxer of a rapid summer monetary tightening cycle with a focus on taming inflation. (1) The story in June again revolved around fighting inflation: after headline inflation data beat expectations, markets sold off in anticipation of a faster rate hike from the Federal Reserve.
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A Note From Our Founder
As graduation season ends and we begin gearing up for summer, we hope you are finding time to enjoy the warmer weather with family and friends. However, the ongoing uncertainty of the markets, the recent slew of senseless mass shootings, and other negative world news may be putting a damper on a usually fun and cheerful time of year.
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