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Monthly Market Overview - August 2018

08.29.2018

Books on library shelf

In July US stocks vacillated with several Tech bellwether stocks dropping precipitously as Facebook announced lower earnings on longer-term increased spending to improve privacy. Oil dropped back below $70 a barrel along with other commodities as nervousness related to emerging markets, particularly Turkey, led to currency depreciation. The Yuan legged back down to late 2016 lows when China spent roughly $1 trillion of foreign reserves and implemented capital controls.

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