The market continued a recent rotation trade last week, with the Russell 2000 gaining more than 2% while the “Magnificent 7” weighed down the Nasdaq and the S&P 500.
The VIX Index remains well off its summer lows as the rotation leads to increased volatility.
In the bond market, Treasury yields moved slightly higher, causing bonds to trade lower.
During the second quarter, U.S. GDP grew 2.8%, an increase from the first quarter’s reading of 1.4%. The second quarter growth reflected increases in consumer spending, private inventory investment, nonresidential fixed investment, and government spending.
Compared to the first quarter, the acceleration in second quarter GDP primarily reflected increases in private inventory investment and consumer spending, partially offset by lower residential fixed investment.
Want to read more? Click below to download the entire market commentary…
Oxford Harriman & Company is pleased to announce that Kelley Thompson has joined its private wealth management practice as a Senior Managing Director & Partner, based in the team’s Chagrin Falls, Ohio office.
The S&P 500 Index returned 2.3% in July, pushing its year-to-date return to 8.4%. Large Cap Growth stocks led the gains, increasing by 3.7%, while Large Cap Value increased by just 0.6%.
Market Commentary 7/31/24
The market continued a recent rotation trade last week, with the Russell 2000 gaining more than 2% while the “Magnificent 7” weighed down the Nasdaq and the S&P 500.
The VIX Index remains well off its summer lows as the rotation leads to increased volatility.
In the bond market, Treasury yields moved slightly higher, causing bonds to trade lower.
During the second quarter, U.S. GDP grew 2.8%, an increase from the first quarter’s reading of 1.4%. The second quarter growth reflected increases in consumer spending, private inventory investment, nonresidential fixed investment, and government spending.
Compared to the first quarter, the acceleration in second quarter GDP primarily reflected increases in private inventory investment and consumer spending, partially offset by lower residential fixed investment.
Want to read more? Click below to download the entire market commentary…
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Oxford Harriman Adds Kelley Thompson as a Senior Managing Director & Partner at its Chagrin Falls, Ohio Office
Oxford Harriman & Company is pleased to announce that Kelley Thompson has joined its private wealth management practice as a Senior Managing Director & Partner, based in the team’s Chagrin Falls, Ohio office.
Market Commentary 8/06/25
The S&P 500 Index returned 2.3% in July, pushing its year-to-date return to 8.4%. Large Cap Growth stocks led the gains, increasing by 3.7%, while Large Cap Value increased by just 0.6%.