No Summer Break for the Market

After a dismal first half of 2022 for stocks and bonds, the S&P 500 was up 9.1% for the month of July and over 12.5% off the lows, as investors saw reasons to rush back into some areas of the market that had been beaten up the worst. For example, the Nasdaq was up 12.4% last month after better-than-expected forward guidance from some of the largest companies in the world.