August 5, 2019

July 2019 Economic and Market Highlights

The CPC Team
  • During the month of July, U.S. stocks continued to move higher on better-than-expected earnings and anticipation of loosening monetary policy that culminated in a 0.25% rate cut at the end of the month.
  • Foreign stocks dipped as the probability of a “No Deal Brexit” increased with the election of Boris Johnson as the Prime Minister of the United Kingdom.
  • Also during July, bonds had another strong positive month as the predicted rate cut continued and was eventually enacted on the last day of the month.

All performance is a percentage change of total return. Year to Date as of 7/31/19.
Source: Morningstar. Past performance is no guarantee of future results. Please note that indexes are for comparison purposes only. An index is not an investment, does not incur fees or expenses and is not professionally managed. It is not possible to invest directly in an index. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Diversification does not ensure a profit or guarantee against a loss. Investing involves risk and you may incur a profit or loss regardless of the strategy selected. Every investor's situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation. The information contained in this report does not purport to be a complete description of the securities, markets, or development referred to in this material. The information has been obtained from sources considered to be reliable but we do not guarantee that the foregoing material is accurate or complete. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Any opinions are those of Consolidated Planning Corporation and not necessarily those of RJFS or Raymond James. Expressions and opinions are as of this date and are subject to change without notice. The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 8% of the total market capitalization of the Russell 3000 Index. The Standard & Poor's 500 (S&P 500)is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. The MSCI EAFE is a measurement of the performance of approximately 900 securities listed on the stock exchanges of Europe, Australia, and the Far East. It is arithmetic average weighted by market value, and it is calculated on a total return basis, which includes re-investment of gross dividends before deduction of withholding taxes. Index created by Morgan Stanley. The Barclays Capital Aggregate Index measures bonds rated investment grade or higher. The Barclays Municipal Index covers the USD-denominated long-term tax exempt bond market. The Dow Jones Industrial Average tracks the performance of 30 large cap stocks. The MSCI Emerging Markets is designed to measure equity market performance in 25 emerging market indices.
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