- In this last full week of August, stocks struggled to find direction, posting solid gains one day only to be wiped out the next day. By the time all was said and done, the S&P 500 eked out a 0.8% gain, marking the first increase in the past four weeks, while the Dow slipped 0.4%.
- The Nasdaq jumped 2.3%. Despite the solid gains, the tech-heavy gauge failed to gain traction following more blow-out results from Nvidia.
- Meantime, the TSX added 0.1% on the week.
Bottom Line: A recession is still in the cards, but it not likely to be as bad as investors once feared.
Bottom Line: AI is an attractive long-term story, and Nvidia remains poised to be a leader in that space.
Bottom Line: The Chinese property sector will have to rebound in order for China to begin to address its broader economic challenges, and so far, there’s no sign of that happening.
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