OOO auto-responses, Italy-grams (yours truly’s included…), and consumer stocks all showed yet another uptick in early August on the back of a strong July. However, the market’s attitude towards Powell’s more recent hawkish remarks in Jackson Hole were slightly more reminiscent of middle school back-to-school (read: kicking and screaming). With Labor Day marking the beginning of the final market marathon of the year, the month ahead will be critical in ascertaining whether the recent rally has additional room to run.
Note: Data reflective of July 31, 2022. This does not constitute investment advice.
In an effort to make sense of the market moves of the past few weeks, sharing some data on where we are today and what might lie ahead for consumer companies.
While pain has been felt across many portfolios, alpha generating opportunities remain up for grabs. To quote the wise words of our elders, “May you live in interesting times…and may you find what you are looking for!”
Note: Data reflective of May 13, 2022. This does not constitute investment advice.
