Mischler Financial Group’s August End-of-Month Equities Market Recap highlights the following topics and thoughts on what is in store as we move forward into September.*
- August: 10% mark-down turns into a month ~2% gain across indices
- The Great Unwind of 2024 (so far?)
- What Sayeth September (and putting your buyback hat back on)
- What Are CEOs, CFOs, and IR executives saying now?
- Your biggest worry is Geopolitical Instability? MFG Special Advisor H.R. McMaster Addresses Your Concerns..
- Market Benchmark and Sentiment Data
*Note: In our end-of-July comment, we observed that August is typically a volatile month for stock prices (both up and down). We should note that while the last day of July enjoyed a material spike contributing to the multi-month uptick in equity indices, those gains were completely erased within a matter of hours as the month of August commenced. The first week of August experienced a biennial event of 10% mark-downs (see link for explanations), yet the last two weeks of the summer were sunny, leading to across-the- board gains by month end.
That said, the equities markets have proven erratic for many months, and we don’t anticipate this to change.
The quick read is available via this link: https://6bjfe6.p3cdn1.secureserver.net/wp-content/uploads/2024/09/Mischler-August-2024-Equity-Market-Update.pdf
