July Market & Economic Report
Stock markets continue climbing
In July, even as major economic indicators show signs of a reversal amidst the return to lock-downs around the world, foreign and domestic stock markets continued their unfaltering ascent. Treasury yields remained largely range-bound, ending the month slightly lower on both ends of the yield curve on expectations of continued aggressive monetary and fiscal expansion.
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The purpose of this communication is to provide general information, opinion, and outlook. All references to potential future developments or outcomes are strictly the views and opinions of First International Bank and Trust and in no way promise, guarantee, or seek to predict with any certainty what may or may not occur in global economies and investment markets. The contents of this report should not be relied upon in making investment decisions. Investment products are not FDIC insured.
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First International Bank & Trust (FIBT) is a full-service, family-owned, independent community bank serving a wide range of communities across North Dakota, South Dakota, Minnesota, and Arizona.