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Market update 31/7/2023

Market update 31/7/2023
Markets extended their upward trajectory today, with small caps taking the lead in this financial ballet. The Russell 2000 danced its way to a 1.16% advance, making the more sluggish 0.05% QQQ gain look like it was wearing two left shoes. But it wasn't just a one-man show; breadth joined the performance, pirouetting to strength as net highs continued to exhibit a positive trend on both exchanges, building on the tempo set from Friday's readings. All in all, a day that added a touch of grace and optimism to the ongoing market performance.
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