- Investor worries have turned into reality, with the likes of tech stocks falling sharply
- Global equity funds have had mixed fortunes so far
With investors often thinking years – if not decades – into the future, a month can feel like the blink of an eye. But some months are more memorable than others, and July 2024 is a case in point.
The US tech majors entered a painful sell-off in the second half of the month, ending a spell that has seen them lead major market gains. Global indices' struggles then accelerated as we moved into August, a shift that has been attributed to multiple factors including weak economic data in the US and a strengthening Japanese yen.