July Market Review
August 17, 2022
Click to Read Full Report: July Market Review
Source: AssetMark's "On The Mark"
"July was a strong month for equities, after a rough first half in 2022. Despite ongoing concerns of economic growth and inflation, the US (9.2%) had its best month since November 20201, outperforming both international developed equities (5.0%) and emerging markets (-0.2%) in July The US rally can be attributed to corporate earnings, as 73% of S&P 500 companies reported actual earnings above estimates in July offsetting weak economic data.2 Emerging markets remained relatively flat during the month as China (-9.4%) continued to struggle with COVID-19 outbreaks. "... continue reading.
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