Market Update— For The Month Ending July 31st

Presented by Sean P. Reilly, Managing Director, GatherWealth Investment Management
sean@gatherwm.com
(401) 310-3920

Quick Hits

1. Mixed Month for Stocks
   Stock returns were mixed in July.

2. Bonds Positive

   Falling interest rates led to positive bond returns for the third consecutive month.

3. Inflation Cools

   Inflation showed signs of continued improvement during the month.

4. Improving Economic Growth

   Other economic reports released during the month showed signs of improvement.

5. Risks Remain

   Markets face a variety of risks in the second half of the year.

6. Encouraging Backdrop and Positive Outlook

   Markets and the economy set for continued growth.