One year after the U.K. voted to leave the European Union negotiations have started where focus will be on citizen rights within monetary union countries followed by trade talks. The Federal Reserve conducted its annual stress test for the 34 largest banks subject to the regulation with each passing minimum thresholds for economic shock. Several key Federal Reserve Open Market Committee members spoke this week giving little signal or deviation from previously relayed interest rate paths; one week after the group raised the Fed Funds target rate range by 25 basis points, market expectations suggest the December policy meeting is the most likely period for the third rise in 2017.

The U.S. large company stock index hit an all time high at the beginning of the week but slid off the record as time passed. Health care stocks rose significantly after the domestic policy reform was reviewed and found to neglect anything related to drug prices and technology shares were bought back into after their rocky week. Oil stole most of the show during the week, declining into a consensus bear market and dragging many commodity indices along with it. The monthly decline for the good is over -15% as oversupply continues to grip the market. Expansion in production from countries like the U.S. and Libya are counteracting major OPEC countries attempts to reduce output.

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