Kieger Healthcare Monthly Commentary
The noblest pleasure is the joy of understanding (L. Da Vinci)
…but markets were not easy to understand in July! Like in June, higher than anticipated monthly CPI figures initially derailed equity markets. Unlike last month, though, stocks soon after flipped into positive territory. July also marked the start of the Q2 reporting season. Healthcare returned 3.3% over the month, while global equities posted a 7.9% gain.