Summer Rally Shifts into Reverse

Summer Rally Shifts into Reverse

Market Briefing: August 2023

September 7, 2023

Welcome to our monthly briefing, where we provide insights on the latest developments in the financial markets. A preview of August’s briefing:

  • Stocks declined across the board in August
  • Consumer spending remains robust amidst rising interest rates
  • Investors transition from recession fears to soft landing expectations

Read the August 2023 Monthly Briefing for KAR CIO Doug Foreman‘s insights about these market events and their potential impact.

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This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date listed on the correspondence, and KAR does not undertake to update the information presented. This information is based on KAR’s opinions at the time of publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein. Past performance is no guarantee of future results.

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