Edward Jones - Financial Advisor: Brett Cohee

Equity markets have staged an impressive rally since the mid-June lows aided by weaker commodity prices, easing inflation expectations, and lower bond yields. With last week's impressive job gains suggesting that the Fed has to stay aggressive in its fight against inflation, further gains might be more difficult to achieve, and markets could be entering a choppy phase in the months ahead. Yet, the worst of the valuation declines might be behind us. We see three potential future paths for the U.S. economy and financial markets and offer our take on the blockbuster July jobs report.

Weekly market wrap A summary of last week's market highlights and economic news.

For a review of last week's market and guidance for the week ahead, take a look at this report.

Weekly market wrap A summary of last week's market highlights and economic news.