Weekly Commentary | August 1, 2021

Macro Picture

The major indices were lower on the week as we got through a chunk of the earnings season.  The S&P lost 0.37% on the week but the tech heavy Nasdaq lost 1.11%.  Small caps were up 0.75% and international was up 0.34% though emerging markets, led by China, were down sharply by 1.73%.  

The markets were weighed down by some mixed earnings fro…