Weekly Commentary | Aug 13, 2022
Macro Picture
Stocks rallied hard again this week with the S&P 500 up another 3.26% and now up 12.08% over the last month. The YTD losses are down to single digits now at -9.35%. Recall that JP Morgan had a note out in April/May suggesting that they thought the S&P could finish flat this year. At the time it seemed preposterous. Now, not so much.
The …
