August 2015 – Economic Review
The slowing of the Chinese economic engine and its repercussions spooked global equity markets during August to a degree not seen in years.
The Chinese government surprised markets on August 11 by devaluing the yuan nearly 2%. Investors believed the adjustment to be a one-off shift, but when the yuan dropped a further 1% the following day, nerves showed signs of fraying.
In this issue:
- Dow Jones Industrial Average
- Equity Volatility Spikes
- High Yield Bond Returns
- Market Returns as of August 31, 2015