Yield Hunting | August 2022 Newsletter And Updated Sheets
Summary
After one of the worst months, markets had one of their best in what looks like a big bear market rally. The S&P finished up +9.1% and the Nasdaq +12.5%.
High yield bonds rallied strongly with the high yield ETF rising +6.2% in the month. Spreads have come in nicely.
A higher than expected CPI report for June compelled the Federal Reserve to main…
