Last week, major markets rebounded, recovering most losses from the mid-summer sell-off. The S&P 500 nearly recouped its drop, driven by positive economic and earnings reports. With 78% of S&P 500 companies surpassing EPS estimates, earnings growth is strong. The Fed is expected to cut rates by 25 basis points in September.
2024-08-19 Market Commentary Cleap-Leap Wealth Management from Leap Wealth on Vimeo.