August 2024 Market Update – Sector Rotation Continues as Volatility Spikes Higher
August was a wild ride for the market. The S&P 500 (SPX) saw a respectable gain of 2.28%, with the Dow Jones (.DJIA) and Nasdaq Composite (COMP) rising by 1.76% and 0.65%, respectively. However, it took quite the unusual path to get there.