Zacks Investment Management

U.S. GDP growth slows in Q2 but underlying demand looks stronger, Fed holds rates steady but pressure to increase mounts, oil volatility returns but markets are quickly adapting.

Unless new tariffs or the Iran conflict produce additional, damaging economic surprises, the key market drivers remain economic and earnings fundamentals—both of which remain strong.

What these three developments could mean for today’s market and your portfolio.

Today’s IPO market can be seen as a good sign that companies have access to capital and investors are willing to take risks. But enthusiasm and discipline do not always move together.

Energy again has the biggest impact on prices as gasoline falls ~10% from May, South Korea offers a lesson in market concentration and leverage, active trading powers results for big banks.