ValuEngine Weekly Market Summary And Commentary

Markets posted a modestly positive week, with the broad S&P 500 and Nasdaq-100 ETFs gaining 1.05% and 0.87%, respectively, while small caps slipped 0.59%. Leadership was concentrated in Consumer Discretionary, which surged 4.74%, followed by Energy at 2.04%, whereas Utilities, Materials, Industrials and Real Estate recorded the steepest declines. July saw below-average returns for that particular month, but the most notable postscript was the strength of the continued market rotation from tech into value.

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