• Weekly Market Recap - Tuesday, 30th July

  • Jul 30 2024
  • Length: 5 mins
  • Podcast

Weekly Market Recap - Tuesday, 30th July By cover art

Weekly Market Recap - Tuesday, 30th July

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  • Summary

  • US equities were mixed in Tuesday trading, ending well off worst levels. Recent rotational dynamics returned today with semis/AI weaker after seeing some modest gains on Monday trading. While some drag tabbed to latest batch of earnings, AI scrutiny has been ramping higher over the last few weeks with the focus on elevated capex vs uncertain monetization/productivity tailwind. May FHFA home price index was little changed, and July consumer confidence came in above consensus.
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