An extraordinary run of low risk persists for the Global Market Index (GMI), an unmanaged, market-value-weighted portfolio that holds all the major asset classes (except cash). After the benchmark posted another monthly gain in July, risk-adjusted performance ticked higher once again.

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* Biden administration issues new national eviction moratorium
* Delta variant poses biggest challenge for China since pandemic’s start
* Bond yields remain under pressure due to worries about Delta variant
* Businesses have record amounts of unused credit from US banks
* China economic growth accelerated in July via Composite Output Index
* Eurozone economy expanded in July at fastest rate since 2006
* UK inflationary pressures reach record high in July
* US factory orders rose more than expected in June: