Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 31st of July.
What a month, with the DOW (INDEX:DJI) rallying to its highest level ever on the last day of the month. The NASDAQ (NASDAQ:COMP), not wanting to be left out of the parade, moved to its highest level in 13 years. The S&P (CME:SP500) also put in a solid monthly return of 5.50% for investors. Happy days are here again, as most investors were all smiles and happy to see that their portfolios and retirement account were looking a little bit better than last month.
Even the long suffering gold bulls had something to smile about as the longer-term bear market in gold managed to shake off some of its bearishness and rally. Gold closed out the month of July with a solid gain of 7.4%. Crude oil, which is in a bull market, followed right along producing gains of 7.50%. Continue reading "Today's Video Update: The Month of July Provided Solid Returns For Investors"