Bill Vaughn Quoted on U.S. Stocks by the Wall Street Journal

July 29, 2010

Investor focus is turning to the economy as the second quarter earning season closes, Evercore Wealth Management partner Bill Vaughn told the Wall Street Journal.

"We've had a really strong overall earnings season and today you saw some numbers that were either just OK or the guidance was a little soft going forward," said Vaughn.

Investors are now looking to second-quarter gross domestic product estimates and key data points, he added.

The Dow Jones Industrial Average climbed more than 7% in July, posted the biggest monthly gains since July 2009, when it surged 8.6%.