Three Fed dissents point to a gradual, pre-emptive tightening bias rather than urgency, while the BoE raises the bar for hikes and the BoJ’s FX intervention strengthens the case for Q4 normalization.
Monthly Archives: August 2026
16 posts
July proved to be a very volatile month for KOSPI investors as the index suffered from massive concentration. For indications of volatility, the KOSPI has lost a quarter of its value since late June.
Stocks finished higher for the third day in a row, recouping all of the losses the S&P 500 had suffered since mid-July. Most of the move was driven by the mega-cap technology stocks that had declined during that period.
The era of rapid rate relief has been postponed. The Fed has bought itself time. How much it does not control: oil, bond markets, and the consumer will decide.