Markets Rebound on Strong July Jobs Report
U.S. and International Equities
Markets Finish Marginally Higher
The major markets reversed course from last week, finishing the week higher. Overseas markets produced gains, as emerging market equities (MSCI EM) rebounded from last week’s selloff. The utilities and financials sectors had good weeks as the banks enjoyed a solid Friday as the better than expected jobs report pushed yields higher amid increasing optimism about the outlook for the U.S. economy.
Earnings and Market Valuation
Second quarter earnings are, thus far, nothing short of exemplary, wit... Read more