August 2023 Monthly Market Review

Equities pulled back in August, with volatility back on the rise. Notable events driving the market volatility were a US credit downgrade, China continuing to experience worsening economic conditions, and uncertainty on future Federal Reserve monetary policy decisions as a result of persisting inflation. US equities, as measured by the S&P 500, saw their first monthly decline since February, dropping 1.6%. (Read More/View PDF)