Peak Wealth Management
Market Commentary
August Market Recap
September 9, 2024

The S&P 500 rebounded in August, gaining +2.3% despite an early-month selloff, while small-cap stocks underperformed with a -1.7% return. Bonds continued their rally as Treasury yields declined, with corporate investment-grade bonds returning +1.9%. International markets were mixed; developed markets outpaced the U.S., while emerging markets saw more modest gains. Investors are closely watching the Federal Reserve’s upcoming meeting, where anticipated rate cuts are expected to address rising unemployment and support economic growth.

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