Morning Note | August 30, 2023 | Brookfield Real Assets (RA) Slashed Distribution

Aug 30, 2023

∙ Paid

Summary

Stocks are drifting around unchanged after a third day of gains, reducing monthly declines.
JOLTs job openings report shows a substantial decline, indicating easing labor market conditions.
Investors are favoring bonds over equities due to negative S&P earnings yield and elevated bond yields.
Brookfield Real Assets Slashed distribution by 40%. Shares are down 20%+.

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