August Market Review
September 19, 2022
Click to Read Full Report: August Market Review
Source: AssetMark's "On The Mark"
"August posed challenges for equity markets with US equities (-4.1%) and international developed equities (-4.7%) both in the negative. Emerging markets equities outperformed developed markets and gained (0.5%) led by India and Brazil recovering from July lows. While equity markets began strong for the month, sentiment reversed as investors reacted to Fed Chair Jerome Powell’s remarks at the Jackson Hole symposium where a continued hawkish stance of ongoing interest rate tightening to combat inflation was conveyed.With worries of aggressive rate hikes potentially pushing markets into recession, US equities suffered its worst August in seven years." ... continue reading.
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