Research, Fundamental

Sector Watch: Pulling Petals

Sam Stovall, CFP, Chief Investment Strategist
14 August 2023


Equity benchmark movements appear to reflect uncertainty over future rate moves by the Fed, as if investors were pulling petals from a daisy hoping to arrive at a conclusion. Last Thursday, after the release of a slightly encouraging Consumer Price Index (CPI) report for July, the S&P 500 powered ahead by 1.3%, only to surrender most of that advance following comments by Mary Daly, President of the San Francisco Fed, indicating that the bank has “more work to do” to combat inflation.

Want to learn more? Download the Report.


Fundamental Equity Research
Gain a comprehensive view of global themes, industries, and companies.

Related Insights

Sector Watch: Digestion

Sector Watch: Digestion

Year to date (YTD) through July 3, the S&P 500 jumped 16%, accompanied by...
Read more