Rover’s Weekly Market Brief – 07/31/2026

Portfolio Rebalancing Simplified

Don’t let your winners throw your strategy off course. Learn how to use Stock Rover’s rebalancing tools to identify portfolio drift and return your holdings to their ideal target weightings with ease. Master Portfolio Rebalancing ^[7]

Economy

The U.S. Census Bureau reported ^[8] that new orders for manufactured durable goods increased 0.3% in June to $334.8 billion, following a 4.0% decline in May, while orders rose 6.7% over the first half of 2026 compared with the same period in 2025. The monthly increase was led by computers and electronic products, where orders rose $0.9 billion, or 3.1%, to $31.1 billion, marking gains in nine of the last ten months. Excluding transportation, new orders increased 0.6%, while orders excluding defense rose 0.3%. Meanwhile, shipments increased 0.7% to $330.7 billion, while unfilled orders rose 0.6% to $1.59 trillion and inventories increased 0.3% to $602.0 billion. Nondefense capital goods orders excluding aircraft increased 0.9% to $85.1 billion, while shipments for the same category rose 1.9% to $83.0 billion. Total shipments increased 8.2% over the first half of 2026 compared with the same period a year earlier.

The U.S. Census Bureau reported ^[9] that the advance international trade in goods deficit fell to $101.5 billion in June, down $4.4 billion from the $105.9 billion deficit recorded in May. The narrowing of the deficit occurred as imports of goods declined to $306.2 billion, $8.2 billion less than in May, more than offsetting a $3.8 billion decrease in exports to $204.7 billion. Meanwhile, advance wholesale inventories increased 0.3% in June to an estimated end-of-month level of $945.9 billion, following a revision to May’s increase from 0.1% to 0.3%, and were 4.4% higher than June 2025 levels. Additionally, advance retail inventories were virtually unchanged in June at $831.3 billion, following a revision to May’s increase from 0.6% to 0.5%, and stood 3.0% above levels recorded during the comparable period a year earlier.

The U.S. Bureau of Economic Analysis reported ^[10] that real gross domestic product (GDP) increased at an annual rate of 1.5% in Q2 of 2026, slowing from a 2.1% increase in Q1. The increase was driven by gains in consumer spending, investment, and exports, partly offset by a decline in government spending. Consumer spending increased in both goods and services, while investment gains were led by equipment and intellectual property products and partly offset by declines in private inventory investment and nonresidential structures. Meanwhile, government spending decreased, led by federal nondefense consumption expenditures, while both exports and imports increased, with higher imports subtracting from GDP. The price index for gross domestic purchases increased 5.7%, up from 3.6% in the first quarter, while the PCE price index rose 5.1%, compared with 4.6% in the previous quarter. The PCE price index excluding food and energy increased 3.4%, down from 4.4% in the first quarter.

Upcoming Economic Reports:

Tuesday August 4 – Factory Orders (MoM) (June)

Friday August 7 – Unemployment Rate (July)

Earnings Calendar:

 

Monday	Tuesday	Wednesday	Thursday	Friday
Palantir Technologies (PLTR)	Caterpillar (CAT)	Walt Disney (DIS)	Airbnb (ABNB)	ACM Research (ACMR)
Sterling Infrastructure (STRL)	SpaceX (SPCX)	Shopify (SHOP)	Cloudflare (NET)	Berkshire Hathaway (BRK.B)