The document provides an analysis of global equities and fixed income as of July 31, 2015. It discusses the performance of U.S. equities, influenced by fundamentals and economic outlook, and highlights the Q2 2015 earnings season. It also covers the performance of U.S. Treasuries and high yield sectors, noting the impact of commodity prices and potential energy-related defaults. The document includes a table of S&P 500 monthly returns over the last 20 years and a chart of Barclays U.S. Corporate High Yield/Energy Spread.
documents/EFTA01457977.pdf
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