United States

Investors weigh rate cut and trade talks in July

MONTHLY MARKET COMMENTARY  | 

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U.S. equities rose as the S&P 500 posted record highs mid-month. Broad better-than-expected earnings and technology gains led major indexes higher.

Federal Reserve Chairman Jerome Powell’s announcement of a quarter percent reduction in interest rates fulfilled market expectations, but his lack of mentioning future stimulus measures caused a market sell off at the very end of the month. The restart of U.S.-China trade talks in Shanghai also boosted markets that have had keen focus on the trade conflict. 

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Information in this document was prepared by DiMeo Schneider & Associates, L.L.C. and although information in this document has been obtained from sources believed to be reliable, RSM US Wealth Management LLC, DiMeo Schneider & Associates, L.L.C. and their respective affiliates do not guarantee its accuracy, completeness or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use. Any such information may be incomplete or condensed and is subject to change without notice. The Frontier EngineerTM is a registered trademark of DiMeo Schneider & Associates, L.L.C.

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