• U.S. equities began August continuing in rebound mode but reversed course to end the month in negative territory after a hawkish Fed and recession fears weighed on investors. The S&P 500® posted a loss of 4%, while the S&P MidCap 400® and S&P SmallCap 600® performed similarly with 3% and 4% declines.
  • All factor indices posted losses, with High Beta and Growth in the rear.
  • Most sectors posted losses; Energy and Utilities were the exceptions.

 

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