Stocks rallied last week as economic data eased investor's inflation fears. The CME FedWatch tool now shows a 94% probability of no change in rates at the next September 20th Fed meeting. Stocks did post their first negative month in August, since February with the S&P 500 TR Index down 1.6%.
Markets treaded water last week, reacting to many mixed signals re: the economy and the Fed's future path on monetary policy. Growth companies outperformed value, helped by a huge earnings beat by AI chipmaker Nvidia.