Published
29th July 2024
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Perspective News, The Cambridge Weekly
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The Cambridge Weekly – 29th July 2024
Don’t fear the rebalance
The rough patch for global stocks continues. Equities had a fairly dramatic fall last Wednesday, led yet again by the US large-caps. Wednesday saw both the S&P 500 and the Nasdaq experiencing their worst single day losses since 2022, and the US volatility caused ripples around the world. Some of those aggregate losses were recovered on Thursday and Friday, after data showed that the US economy grew from March to June at a rate that had been well ahead of economist expectations.
