July’s price action followed the blueprint of all of 2021, and that is a divergence of performance across indices and industries. For example, the S&P 500 finished with a nice positive gain while the Russell 2000 finished in the red. Technology stocks and the growth style had a nice month while the reopening sectors and industries struggled, mostly due to the delta variant.
For the week ahead, lets see what happens to the infrastructure bill in the U.S. Senate. Over the weekend, it looks like good progress was made and that the U.S. Senate looks poised to pass the measure as soon as this week. For economic data, the first week of the month is always a busy one with data on the manufacturing sector, the services sector, and employment.
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.
This has been your Weekly Market Minute, and we’ll see you on Monday – prefer to listen or watch? Check out our video & audio formats below:
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