In this month's market review we review the performance of the leading indices for the month of July as well as year-to-date. We also review the disparity between the cap-weighted sector ETFs and the equal-weighted sector ETFs.
But small-caps are picking up steam. In a typical bull-market, small caps tend to do very well. While small-caps started the year strong, they corrected in early February. But they are showing signs of life again, posting a very strong month for July.
We wrap the video with a couple of economic data-points that continue to encourage us that our long-held skepticism about a recession in 2023 continues to be warranted. Unemployment is incredibly low and manufacturers new orders are up, quite considerably.
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Past performance is no guarantee of future returns. Hicks & Associates reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs. The visuals shown are for illustrative purposes only and do not guarantee success or certain level of performance. This material contains projections, forecasts, estimates, beliefs and similar information (“forward looking information”). Forward looking information is subject to inherent uncertainties and qualifications and is based on numerous assumptions, in each case whether or not identified herein.
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