The ASX 200 Index posted a 1.38% gain for the month of July. The Dow Jones Index closed the month up 4.71% despite a looming trade war. Morgan Stanley says the US market is, however, showing signs of exhaustion. With strong tech earnings and a strong 2Q GDP number out of the way, there is little to help propel equities higher from here on in. Much of July’s rally came on the second-quarter earnings season. Over the month of July, all but two sectors managed to close in positive territory. Gold (-4.51%) and Information Technology (-1.39%) stocks performed poorly. Of the sectors that did well, however, was Telcos, or more specifically Telstra. It was the clear stand out rising +7.24% on the back of a new organisation structure. The sector finished the month +6.83%. Industrials closed +3.16% following by a recovery in the Banks, which closed +3.12%. Health Care stocks also fared well closing +2.17% and wider financials closed the month +1.69%. Telstra (TLS) – Shares closed the month +7.24%, most of it coming towards the latter part of the month following a revamped executive team that CEO Andy Penn has assembled to tackle a turnaround. The cleanout of Telstra’s executive ranks gives it fresh blood and a chance to rethink its strategy and rollout of 5G. Penn is under-pressure to perform. The shakeup has many speculating that a succession plan for CEO Andy Penn is in order. Qube (QUB) – Shares did well, rising 7.24% on the back of no new news. Qube did however finalised the building of a new state of the art bulk storage facility at their Esperance depot. Lithium explorers Galaxy and Tawana will store various volumes of lithium at the new Lithium Storage Precinct. The facility is located…

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