From Chief Investment Officer Tom Veale,
“As we start the second half of August we find all US major indexes at near highs and up substantially for 2021 Year To Date. Ex U.S. exchanges have also managed double digit gains for the year while Emerging Market are just above break-even. All S&P 500 sectors have risen double digits with the exception of Consumer Staples (up 9.4%) for the year so far.