Weekly Commentary | August 22, 2021

Macro Picture

We hit new highs again early in the week before some weakness seeped in during the latter part.  The new high on the  S&P 500 is 4,480, hit Monday afternoon, and an exact double from the low set March 2020.  For the week, the S&P was down 0.6%, Dow Jones down 1.1% and Nasdaq down 0.7%.  Small caps were weak at -2.6% while international stoc…