The US economy in July expanded at a rate that’s fractionally below the historical trend, according to this morning’s update of the Chicago Fed National Activity Index (CFNAI). The monthly measure of the benchmark dipped from +0.16 in June to -0.01, or just below the zero mark that signals economic activity that matches the historical trend.
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Equities and fixed-income securities in emerging markets took the lead last week, posting the biggest gains among the major asset classes, based on a set of exchange-traded products. Meanwhile, US stocks fell for a second week, the first back-to-back weekly losses in three months, based on Vanguard Total Stock Market (VTI).
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