July 2017 - ADIFO Global Market Review

by Kevin Burrows

US and emerging market equities continued to power ahead in July, leaving the S&P500 up over 10% for the year and EM more than double that return at 23.7%. Global fixed income returns were positive across the board and Commodities were also mostly positive for July as gold, copper and WTI crude oil gained 2.3%, 6.9% and 9.0% respectively. The US dollar continued to fall over the month and is down against all major currencies in 2017.