Weekly Commentary | August 20, 2023

Aug 20, 2023

∙ Paid

Summary

Stocks retreated for the third consecutive week, with the S&P 500 down 5.15% from its peak on July 26th.
The 10-year yield hit the highest levels of the cycle at 4.33% before falling back to 4.23%.
The Fed may need to continue raising rates due to resilient growth, potentially leading to inflation and further action from the Fed.

Macro Picture

Intere…