Equities Rebound
The S&P 500 returned to gains last week, ending near record highs as Wall Street welcomed the start of the second quarter earnings season. Improving economic data also supported investor sentiment, signaling continued U.S. resiliency despite caution over trade tariff negotiations. Retail sales rebounded in June while index data released Friday from the University of Michigan showed consumer sentiment rose 1.8% in June to 61.8, its highest reading since February.
The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.