Weekly Market Recap, Friday 2-Aug

US equities ended lower this week after putting in a mixed performance last week. This week saw sentiment move decidedly negative with a focus on growth and recession concerns amid a stream of weak employment and manufacturing data punctuated by Friday's nonfarm payrolls miss and spike in unemployment. The July FOMC decision left rates unchanged as broadly expected with no explicit indication of a September rate cut (though seems to be a forgone conclusion now).