By John Persinos
Welcome to my latest video presentation. Below is a condensed transcript; the video contains additional details and several charts.

The U.S. economy has posted two consecutive quarters of negative growth, inflation remains stubbornly high, and the Federal Reserve has hiked the federal funds rate four times so far this year.
And yet, July turned out to be the best month for stocks since November 2020. The S&P 500 jumped 1.4% last Friday, bringing its gain for July to 9.1%. That's the best single month performance since the first announcements about an effective coronavirus vaccine.
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