Major markets closed higher last week with the Nasdaq and S&P 500 hitting new highs. Real estate and Utilities led sector performance while Communication Services lagged due to declines in Meta and Netflix. Key economic events included Fed Chairman Powell's testimony and lower-than-expected CPI and PPI reports, increasing the likelihood of future rate cuts. Treasuries yields dropped significantly.
2024-07-15 Market Commentary Cleap-Leap Wealth Management from Leap Wealth on Vimeo.