Weekly Commentary | Aug 5, 2023 | Lots Of Decent Boosts In Distributions This Month
Summary
US equities were downgraded and finished lower in August, following a strong July in risk assets.
Interest rates rose due to new supply and an unexpected downgrade, suppressing equity prices.
The jobs report for July showed a slowdown in job creation, with revisions to previous months' data indicating a notable slowing in the labor market.
