August 1, 2022 Recap
Strong Back-to-Back Gains All three major U.S. equity indices posted their strongest back-to-back weekly gains since late March, simultaneously capping July with their strongest monthly performances since November 2020. Aided by stronger than expected earnings, despite a second straight aggressive 0.75% Fed Funds rate hike last Wednesday, July equity performance has more than reversed the heavy losses experienced in June.
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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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