A fierce artificial intelligence-led rally in the U.S. stock market seems to run out of steam in August, but expect September, which is just two trading days away, to be more volatile if the past several decades are any guide.
The U.S. grew at a somewhat slower 2.1% annual pace in the second quarter, revised figures show, but in retrospect the economy still showed more underlying strength than expected.
Markets may stay bumpy with interest rates at elevated levels, an environment that Goldman Sachs Group’s Jack Springate says has sparked heightened investor interest in hedge funds.
Have funds have continued to adjust up their positions on major assets, and are clearly "risk on," says Société Générale. They are risk of getting spooked.