July a Surprisingly Good Month for Stock Markets - constructconnect.com - Daily Commercial News

It seems everyone is talking about recession. Are we already in one? Should we pencil one in for 2023? Is there any possibility one can be avoided entirely? Stock market investors in North America, Europe and Japan no longer seem terribly worried.

There are two kinds of confidence that have a great deal of bearing on where economies will meander next. The first of these is consumer confidence. In an assessment of manufacturing activity, the Purchasing Managers’ Index of the Institute for Supply Management fell to its lowest level in July since June 2020. Nevertheless, at a current reading of 52.8%, it indicates ongoing growth in both manufacturing activity and in the overall economy.

As for July’s bounce backs in major indices, the possible explanations being touted include the following.The share prices of many equities have already been struck down as far as needed in reaction to monetary tightening.

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