Market Commentary - August 2024
August brought end-of-summer volatility, starting with a jolt to global stock markets which was exacerbated by the Japanese Yen carry trade unwind early in the month.
Continued strong earnings driven by large cap tech stocks including Nvidia kept markets afloat despite heightened uncertainty.
The Federal Open Market Committee (FOMC) looks primed to cut interest rates in September – the question now is how much and how fast?