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Monthly Market Risk Update: July 2023 [SlideShare]

Written by Brad McMillan, CFA®, CFP® | Jul 19, 2023 12:46:54 PM

My colleague Sam Millette, director, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Market Risk Update. Thanks for the assist, Sam! Let’s take a closer look.

June was a strong month for equity markets, capping off a solid first half of the year for stocks. The S&P 500 gained 6.61 percent during the month, while the Dow Jones Industrial Average rose 4.68 percent. The Nasdaq Composite led the way with a 6.65 percent gain, supported by a rise in technology stocks.

Given the concerns about slowing growth and inflation, we have kept the overall market risk level at yellow for now.

View a breakdown of the risks we’re watching in this SlideShare.