U.S. stocks are looking shaky in August, and even that stellar earnings report from Nvidia (NVDA) could not lift investor sentiment much. Broader markets closed in the red yesterday, despite trading positive in early price action - and major market indices are on track for a notably terrible monthly performance.
Concerns over a hawkish Fed and the deepening slowdown in China are among the reasons investors have turned wary of stocks – and fears over ratings downgrades of major U.S. banks are not helping matters, either. This risk-off attitude is reflected in rising bond yields, which are particularly negative for growth stocks, as the earnings of these companies are skewed towards the future.
