Weekly Commentary | August 27, 2023 | Not Much Movement, But Saba Making Moves

Summary

• Mixed week for markets with the Fed speaking at Jackson Hole.

• Quiet overall with Equities and Taxables remaining flat-  Munis widening out slightly.

Macro Picture

Markets ended the week mixed as the Jackson Hole symposium ended without too much fanfare.  The one highlight from Fed Chair Jay Powell was that rates would stay 'higher for longer'- I kno…