Global Asset Allocation Team Market Update – August 2024
August 7, 2024 | Market Commentary, Public Markets
In July, both stock and bond markets pushed higher as investors braced for monetary policy easing from major central banks amid signs of cooling growth and inflation. In stock markets, however, a profound rotation from the high-flying megacap space took hold after earnings results failed to live up to lofty expectations and as traders speculated that the artificial intelligence frenzy had become excessive.
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