Graves Light Lenhart August ’22 Market Commentary
Markets entered August in rebound mode but reversed course to end the month in negative territory after a hawkish Federal Reserve (Fed) weighed on performance.
Markets entered August in rebound mode but reversed course to end the month in negative territory after a hawkish Federal Reserve (Fed) weighed on performance.
July provided relief across many asset classes as a sizable late month bounce, in large part triggered by the market’s view for potential slowing in the pace of future rate hikes by the Federal Reserve (Fed).
Markets roundtripped during May as key benchmarks flirted with “bear market” territory –defined as any peak-to-trough drawdown of 20% or more – with most market segments clawing back to close out the month broadly unchanged.
New Year optimism quickly turned to caution as the major U.S. stock indices ran into trouble.
This newsletter contains an update on the market and a timeline of events for November 2021.
Markets quickly recovered during the month of October, with limited hangover effects following a sluggish end to the third quarter.
While headlines were broadly mixed, markets remained sanguine over the course of the month.