Market & Planning Updates

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August Market Update

Equity markets continued July’s rally into mid-August on weaker than expected inflation data, with the expectations it would lead to a slowdown from the Fed’s current rate hiking cycle. From the June lows to mid-August, the S&P 500 returned over 17%, while the Nasdaq 100 Index returned over 21%. The rally ended on August 26th, with Federal Reserve Chairman Powell’s hawkish speech at the Jackson Hole Economic Symposium...

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