Market Notes

Market Notes

In choppy trade so far this month, the S&P is up about 1% and is less than 1% from its all‐time high

achieved on January 26th, 2018. The 10‐year treasury yield has fallen 3.7% to 2.84%. The dollar is the

major story with the index hitting a high of 96.98 breaking out to a new 52‐week high and causing

commodities to apparently crash in price.

Market Notes

July is a wrap. The S&P 500 was up 3.60% and the Barclay’s Aggregate Bond Index was up 0.02%. The Nasdaq is where the fireworks happened with Facebook (FB) falling 11% for the month (after a drop of 25% on missed earnings) and Netflix (NFLX) falling 13%.

Market Notes

I begin with a happy birthday wish to my (not so) little sister, Taylor… Have a great one, I love you!

It has been busy around the Elevate offices (and the world) since our last post. Trade wars seem to be intensifying daily with the "Tweeter in Chief" firing from the hip.