by Rob Richardson,CFA®
- After a sluggish start to the year, Real Estate is up over 10.5% the past 13 weeks.
-Financials & Industrials are the laggards
- European stocks rallied last week despite Brexit uncertainty, possibly buoyed by political shakeup in the U.K. ¹
- Unemployment creeped up to 4.0% – due to 600,000 more workers joining the work force. ²
- Earnings season kicks off this week, drawing attention away from trade talk, along with June U.S. inflation data coming Thursday. ³
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Rob Richardson, CFA® works for Fidelis Wealth Advisors, LLC in institutional asset management and research. Most recently he covered hedge funds for Intermountain Healthcare’s Pension and Corporate Investment portfolios. Prior to that he worked as a Research Analyst for The Broe Group, researching private equity and venture capital opportunities, and Stifel Financial as an Equity Research Associate covering Applied Technology stocks. Rob is also a CFA Charterholder and a graduate of Lockheed Martin’s Finance Leadership Development Program.
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