August was a down month for stock-markets but two emerging themes helped equities cap losses. One is the belief that AI will help drive future growth and the other is the increasing optimism over a soft-landing for the US economy.
There have been indications that the US labour market has been weakening recently (remember that the markets are in a bad-news-is-good-news mode). Data last week showed that Job Openings fell to their lowest level since March 2001 and Friday’s nonfarm payrolls report…
Full report:
https://realmim.com/stocks-down-in-august-but-soft-landing-hopes-grow/
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