The Importance of Discipline
In this week’s market update, we are going to review what we believe to be an ongoing stock market recovery, look at which areas are leading the charge, and touch on the areas that may face headwinds in a low-growth economic environment. Second, we will review the July employment report and what we think this means for monetary policy and widely held asset classes such as stocks and bonds. We wrap things up by reviewing trading and stock market breadth indicators to assess the health of the current rally that began in Mid-June.
Key Takeaways
- We believe the markets are continuing to climb a wall of worry
- Commodities continue to collapse, easing some inflation pressures
- As economic growth slows, we believe investors will pivot toward stocks that can grow in a low-growth environment
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