The stock market erased losses from June with the S&P 500 Index gaining 9.2% and the Russell 2000 Index increasing 10.4% for the month of July. These positive returns were driven largely on investor sentiment that a weaker economy will slow the Federal Reserve’s pace of planned interest rate increases in their fight to steer down inflation. However, much uncertainty remains as the markets continue to experience volatility.
Read our outlook and an overview of the market’s activity in our July 2022 briefing.
This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information contained in this material is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date of the material, and KAR does not undertake to update the information presented should it change. This information is based on KAR’s opinions at the time of the recording of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein. Past performance is no guarantee of future results.