After Jerome Powell's short but clear speech at the Jackson Hole symposium, S&P 500 is in the red for the month. The risk-off sentiment is back, as seen by the negative performance of REITs and investment-grade corporate bonds.
Yields are up month to date. TIP is outperforming IEF, indicating heightened inflation expectations.
Over in the commodity space, most commodities are up despite the strong USD. The exception is gold which is down month to date. It looks like commodities are the only haven in this climate.
$SPDR S&P 500 ETF Trust(SPY)$$iShares 7-10 Year Treasury Bond ETF(IEF)$$Invesco DB Commodity Index Tracking Fund(DBC)$
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