Yorkville Asset Management

In July, investors decided to switch from high-growth sectors to more defensive ones. That move was influenced by some strong consumer data and positive GDP figures in the US and Eurozone. The US and Canadian markets both saw great sales and earnings growth, with the S&P/TSX Index having its best month of the year. Even though there was some mixed performance with currencies and commodities, the overall outlook seems positive thanks to robust economic indicators and corporate earnings. However, people are still being cautious about potential interest rate changes and market volatility.

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