Your Capital Markets Snapshot: Stocks Swung Back and Forth

It was a wild week as stocks swung back and forth beginning with an early-week rally after the attempted shooting of Donald Trump followed by weakness in tech stocks after the week ended with a global IT outage. For a second week in a row, we saw small cap stocks outperform their large cap peers and value outperform growth. Expectations remain high for an upcoming rate cut by the Federal Reserve in September as economic data showed signs of consumer strength, with retail sales numbers surprised to the upside, and slack in the labor market, as initial and continuing jobless claims surprised to the upside.