by Dan Zalipski & Scott Rosenquist, CFA®
U.S. Equity indices hit new highs this past month as stocks moved on the back of Q2 earnings. International equities, however, led the way easily outpacing their U.S. counterparts. Emerging Markets were especially strong, helped by a weakening dollar. Fixed income was mixed, with higher yielding and below investment-grade issues outperforming their more conservative counter-parts.