The View from 5th Avenue – 29 July 2025

Welp, after the SPX Index (-.3%) closed higher the six previous sessions for the first time since mid-May, we did NOT see a seventh up day in a row (which has only happened six times in the last two years) as earnings reports continue to come across the wires. Today’s negative performance also ends a streak of six consecutive all-time highs, previously accomplished in July 2024 . Economic data was mixed this morning - the JOLTS job openings report missed projections (7.437M vs. 7.5M), raisin…

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