Montecito Capital Management Blog Monthly Stock Market Summary & Weekly S&P 500 Update July 2019

-July 5, 2019 Weekly Capital Market Update. On the holiday truncated trading week the US equity markets closed near their record highs with the S&P 500 +1.7%, the Dow Jones +1.3% and the Nasdaq finishing +1.9%. The positive index returns were partly fueled by news that the U.S. and China agreed to suspend new tariffs and resume negotiations. There is also plenty to be encouraged by in the job market with U.S. labor force participation ticking higher last month with yearly average monthly gro [...]