Financial professional reviewing stock data on tablet computer
Financial professional reviewing stock data on tablet computer

f1RST word on the market, august 2024

Investors coming back from summer vacation might be returning to a market that’s less recognizable than the one they’ve left in June. Market rotations and reversals were evident in July that started with broadening participation and ended with a more “risk off” tone. Nowhere was this more evident than in the rate market, which went from anticipating a slow and benign Fed rate cut scenario to a sudden and more urgent one. Read on as we as we explain.

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