Here’s a quick look at August:
Markets stayed positive through August, with stocks and bonds both up. Spending is slowing for lower-income households but holding strong for higher-income groups. The US Federal Reserve and political pressure remain the big focus for investors.
Equities:
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TSX up 5.0%
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S&P 500 up 2.0%
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Dow Jones up 3.4%
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NASDAQ up 1.7%
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International stocks up 4.1%
Other sectors beyond tech did well, especially Materials and Healthcare.
Bonds & rates:
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Canadian bonds up 0.5%
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US 10-year yield down 15 bps
Currencies & commodities:
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US dollar weaker vs CAD
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Oil fell 7.6%
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Bitcoin down 6.3%
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Gold up 4.8%
Outlook:
September is usually a weak month for markets. The Fed’s next rate decision will be key, with concerns about political influence adding uncertainty.
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