What Happened In the Market Last Week Ending August 28:
Another week, another gain. The market continues to be on a bullish path, the S&P 500 recorded a weekly gain of 3.3% to close at 3508 —a new all-time high. Prints on economic activity were all positive and only a few data points like jobless claims and consumer confidence did not beat consensus expectations. The Atlanta Fed’s GDPNow model estimates for real GDP growth in Q/3 rose to 28.9% from 25.6%.
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By Hubert Marleau
By Hubert Marleau
