Fidelis Capital flags August market gains as hawkish Fed bets lift yields to decade highs - SPY News | RalliesFidelis Capital flags August market gains as hawkish Fed bets lift yields to decade highs
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SPY• Monthly market recap highlights broad gains and higher yields
- Fidelis Capital published a monthly market recap highlighting broad equity gains, led by the S&P 500 up 2.7% in August.
- Nasdaq rose 3.9%; developed international equities outperformed US large caps amid strong earnings and sustained AI-driven investor demand.
- Treasury yields climbed to decade highs as markets priced at least two 0.25% Fed rate hikes by year-end.
- Fixed income returns stayed roughly flat year-to-date; longer-maturity municipal bonds lagged as yields rose.
- Commodities jumped 7.1% for the month; gold gained 9.7%; bitcoin surged 25.4%.
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