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• Global growth is stabilizing, but leadership has shifted back to developed markets. The U.S. and parts of Europe are driving the latest improvement in business activity, while several large emerging markets have lost momentum after a strong start to the year. • BRICS economies are mixed as India outpaces
Markets found their footing after Wednesday’s CPI inflation report showed inflation pressures continued to ease, pushing equities higher. Retail sales declined in July, but the shift in timing of Amazon Prime Days likely overstated the weakness. Fed commentary remained cautious, making next week’s FOMC minutes an important signal of how
July brought broad declines across stocks and bonds. Doug English, CFP®, shares ACT Advisors’ qualified outlook, a QQQ Technology Index update, and a secure tax-return upload reminder.