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July 12, 2017 |
Market Flash Report - July 2017

Heading into the summer months, the S&P 500 continues to climb to new heights. Amid historically low volatility, the index has now posted gains in 15 out of the past 16 months, including a streak of eight in a row. Crude oil, on the other hand, has fallen back into a bear market, setting new lows dating back to last August as oversupply concerns continue to weigh on the market. As widely expected, the Federal Reserve hiked its policy rate by 25 basis points at their June meeting. Fed officials still expect to raise that rate once more in the second half of this year. Bonds markets reacted to Fed activity with a shrug. The bellwether ten-year Treasury note ended the month yielding 2.3% and has been in a relatively tight range for several months.