Oxford Harriman & Company proudly announces that Tom Erb, a Senior Managing Director and Partner, has once again been recognized on AdvisorHub’s list of the “100 Solo Advisors to Watch in the United States” for 2025. This marks the third consecutive year (2023-2025) that Erb has earned this national distinction, underscoring his commitment to delivering exceptional service and guidance to his clients.
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.
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