Fortunes Fool
Disclaimer: Your capital is at risk. This is not investment advice.
Global stock markets fell in August, driven by the Bank of Japan's rate hike and U.S. recession fears. Despite the downturn, the overall trend remains upward, though volatility is increasing.
Investors are cautious as U.S. presidential election uncertainty looms. While a recession isn't expected, weaknesses in manufacturing and housing are evident. U.S. GDP growth is projected to slow to 1.7% in Q3 2024, with gradual rate cuts anticipated. The AAA Model ranks equities as the strongest trending assets, suggesting a recession is not imminent. Continue investing in select equities and holding gold as a hedge. Good Luck.
