Student of the Market: August 2023
August 2023 highlights
- Tech has outperformed the broader market
Artificial intelligence has been a hot topic this year, and it’s no surprise that we’ve seen one of the best starts to the year for tech stocks off the back of this hype. - Fed rate environment supports opportunities in bonds
With the Fed funds rate surpassing inflation and the rate hiking cycle nearing the end, there could be a bright outlook for short-term and core bonds based on other periods in history. - Inflation may be coming down meaningfully
Core inflation is now above headline inflation, the first time since December 2020. As lagging economic effects play out, we could see both measures continue to decline in the months ahead.
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