Week 28: Geopolitics Rattle Markets - Vol Holds, Portfolios Deliver
Iran tensions, a hawkish Fed and surging oil prices kept traders on edge: yet equities ended the week higher and all four Rivativ portfolios outperformed the S&P 500. →
Week 29: Earnings Season Lifts Off & Tech Stumbles
A quieter macro backdrop gave way to late-week selling in technology — but strong earnings from banks and a resilient vol structure kept three portfolios close to the index while one stood apart.
Weekly Summary
Week 29 (13–17 July) began with cautious optimism as Q2 earnings season kicked off in earnest. Better-than-expected results from the major US banks and softer-than-forecast producer price data set a constructive early tone. By Friday, however, renewed doubts about the sustainability of the AI boom — combined with fresh US-Iran tensions — sent technology stocks lower and pulled the broader index into the red. The S&P 500 now stands +8.8% year-to-date.
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