Markets: The NASDAQ and the S&P 500 both had solid gains in July, while the DOW gained just .40%, and the RUSSELL small caps retreated. Year-to-date, the DOW large caps are still in the red, and the NASDAQ leads by a wide margin.
Volatility: After rising to 16.27 on Monday, due to US market reactions from the Chinese market selloff, the VIX fell 12% this week, ending at 12.12.
Currency: The US $ has made large gains vs. most major currencies year-to-date, excepting the Pound and the Swiss Franc. The NZ Dollar has had a very poor performance vs. the US $.
The US $ gained vs. mos major currencies in July:
Market Breadth: 23 DOW stocks rose this week, vs. 5 last week. 71% of the S&P 500 stocks rose this week, vs. 23% last week.
US Economic News: Consumer Confidence sank to 90.93, its biggest monthly drop since Aug. 2011. The FED kept its rate at .25, as expected.
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Week Ahead Highlights: Non-Farm Payrolls and the Unemployment figure come out on Friday…ADP releases its employment report on Wednesday.
Next Week’s US Economic Reports:
Sectors & Futures:
Consumer Staples led in July, while Energy trailed.
Gasoline Futures have led in 2015, while Coffee futures have lagged.