Investor Strategy: Summer Sizzle Fizzle

It seems as though the left side of the porridge (inflation) was too hot and the right side (the economy) too cool but mixing them together made things just right for a rally. Markets bounced hard off the June bottom, during summer trading that typically has less liquidity. Unfortunately, around mid-August the market appeared to be limping across the line. Seems the porridge isn’t cooling fast enough for the Fed, which reiterated an aggressive hiking path to tackle inflation. We’re now heading into a time of year that is historically challenging for markets.

 

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