August Market Recap
The bull market took a break in August.
Following five straight months of gains for the S&P 500 and NASDAQ, equities dipped last month as inflation numbers bobbed higher, bond yields increased, and markets digested some discouraging economic trends abroad.
Improved forecast feels good, means little
As stocks continue their summertime cruise with recession fears fading in the rearview mirror, it has become Wall Street chic to improve economic forecasts and year-end stock market targets.