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Monthly Market Monologue - August 2023 Thumbnail

Monthly Market Monologue - August 2023

Investing Insights

In this month's market review we review the performance of the leading indices for the month of July as well as year-to-date. We also review the disparity between the cap-weighted sector ETFs and the equal-weighted sector ETFs.

But small-caps are picking up steam. In a typical bull-market, small caps tend to do very well. While small-caps started the year strong, they corrected in early February. But they are showing signs of life again, posting a very strong month for July.

We wrap the video with a couple of economic data-points that continue to encourage us that our long-held skepticism about a recession in 2023 continues to be warranted. Unemployment is incredibly low and manufacturers new orders are up, quite considerably.

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