Navigating Market Turbulence: The SP500 Slide and Macro Complexities
August 28 2023 Update
The SP500 is about -5% from its last peak in late July. However, a lot of damage has been inflicted beneath the surface, particularly on stocks highly sensitive to changes in interest rates.
Below is the 10-Year Treasury bond that has been ascending since late May due to expectations that the Federal Reserve's hiking cycle isn't over yet.
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