From Equity Research
The rebound in U.S. equity markets continued during July despite surging levels of new COVID-19 cases emerging across the country. The market advance remained narrow, however, with a handful of leading technology companies fueling gains. Although concerns around the spread of the coronavirus represented headline news, the VIX Index, or “fear guage” suggests that investors broadly shrugged it off with the index dropping from a little over 30 at the start of the month to end at 24.5.