Market Update - August 2019

Hoping everyone had a wonderful long weekend! As summer winds down and life returns to normal, you will find that very little changed last month when you open your investment statements. August was anything but boring however, as markets bounced up and down on recession fears, ongoing trade disputes and outrageous presidential tweets… The ‘R’ (recession) word surged in popularity in August, with the ‘Google Trends’ chart below showing the searches for the term reached levels not seen since 2008! The uptick in recession chatter was mainly due to an ‘inversion’ in the yield curve in early August between 2-year bonds and 10-year bonds. Simply speaking, an inversion occurs when investors recei

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