August 2015 – Economic Review

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.

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In this issue:

  • Dow Jones Industrial Average
  • Equity Volatility Spikes
  • High Yield Bond Returns
  • Market Returns as of August 31, 2015