Shaken and Stirred: Market Update from Walter Todd

Shaken and Stirred:
Market Update from Walter Todd

Shaken and Stirred

August 7, 2024

July brought back “unprecedented times” as the US political scene shifted and the Bank of Japan introduced unexpected volatility. What will that mean for August? Walter sat down today to share what the investment team has been watching this week.

In this month’s video:

Economic Data: How a softer-than-expected CPI report on July 11th caused a market rotation and why the jobs report increased recession fears.

Volatility: The market saw significant movements in July, initially driven by tech stocks and compounded by Global events, such as the Bank of Japan raising interest rates. The volatility index spiked but quickly subsided, indicating increased market fear and liquidity issues.

Mixed Earnings: The earnings season has been mixed, with many companies beating expectations but providing weaker guidance. Tech stocks have seen significant sell-offs despite decent earnings.

Greenwood Capital is an SEC-registered investment advisory firm. This material has been prepared for information purposes only, is not intended to provide, and should not be relied on solely for tax, legal, or accounting advice. Subtitles are automatically generated.

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