Major Asset Classes: July 2026 Performance Review

Markets remained mixed for a second month in July, based on a set of ETFs tracking the major asset classes. The main event in last month’s performance review: commodities rebounded after a sharp selloff in June, outperforming the other asset classes by a wide margin. US bonds, by contrast, were among the weakest performers last month, shedding 1.3% in July. For the year so far, BND slipped into the red, dipping 0.5%.