Below please find HBK Sorce Financial LLC’s market commentary.  This commentary is not prepared by me directly but is rather a collaborative effort of my firm prepared by our Asset Management Unit and approved by our firm’s Investment Policy Committee.  I hope you find this information useful.
Another Positive Month on Low Volume
Equity markets were [...]

The domestic equity markets surged higher in July, continuing the rally that began in early March. Through July 31, the S&P 500 index appreciated by nearly 50% from its intraday low on March 6. The index generated positive returns for five consecutive months after losing ground in January and February.

The equity freight train continued to chug along this week, pushing the Dow Jones Industrial Average (DJIA) to a close above 9,000 for the first time since early January and propelling the S&P 500 Index higher by another 4.1%.