Although underlying trends remained positive, higher oil prices continued to weigh on markets in July. The Nasdaq was the worst-performing U.S. index, while the S&P 500 and Dow Jones Industrial Average were flat for the month. Turning to the economy, the data was mixed, but strength in consumer spending and non-residential fixed investment is an encouraging sign that the economy is poised to continue growing in the second half of the year.
Will the situation in the Middle East and upcoming midterm elections cause volatility ahead? Watch my latest Market Thoughts video to learn more: