Market Report Jul 18 2023

In Monday's trading, equity markets demonstrated resilience, recovering from initial losses and subsequently recording moderate gains. The S&P 500 ascended to a peak not seen in 15 months, while the Dow Jones Industrial Average reached a 7 month apex, complemented by the Nasdaq 100 scaling to a height not witnessed for 18 months.

Bolstering this bullish sentiment is the anticipation that the Fed is nearing the termination of its rate hike cycle, and the expectation of a resurgence in earnings growth in the latter half of the year.

Javid Shaik

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