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Welcome to the UGC’s Monthly Market Update for August 2023!

Join UGC’s CEO & Chief Financial Officer, Joel Hewish, as he takes a deep dive into the latest financial market trends and conditions for the US and Australia, as well as providing an in-depth analysis of the stock market.

Whether you're a seasoned investor or just starting out, this UGC Monthly Market Update is a must-watch for anyone looking to stay on top of the latest market trends and conditions.

So sit back, relax, and join us for an informative and insightful discussion on the state of the US and Australian economies and stock markets.

Don't forget to subscribe to UGC's 'Weekly Roundup' newsletter to get the latest financial insights & expert tips straight to your inbox. Subscribe via https://bit.ly/42EFxFa

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MARKET OVERVIEW – US
• Earnings Forecasts Versus Share Price Change – Magnificent 7
• Relative Performance of Equal Weighted Index Versus Market Cap Weighted Index
• Small Caps Usually Generate Higher Returns
• Fund Manager Expectations for US Recession in next 12 Months
• Historical Performance of S&P 500 After Fed’s Last Rate Hike
• US 2nd Quarter Earnings Season Results

MACROECONOMIC OVERVIEW - Global
• Global Growth Expectations Are Muted Through 2024

MACROECONOMIC OVERVIEW - US
• Key drivers of US inflation over the past two years appear to have now rolled over.
• Signs of cooling Shelter and Services is a telling sign that the U.S. Federal Reserve rate hikes are having the desired effect.

MACROECONOMIC OVERVIEW - AUSTRALIA
• Australian consumers remain depressed, but business conditions remain okay.
• Australian Construction sector leads significant rise in corporate insolvencies this year.

SUMMARY
1. Market in seasonally weakest period of the year and correction is underway. Markets typically bottom in early to mid-October.
2. Index performance is still very narrow with Mega Caps dominating. Large, Mid and Small Caps still lagging.
3. Core inflation is now finally starting to cool meaning the Fed is likely very near the end of its hiking cycle.
4. Australian Consumer Confidence is at recessionary levels but has not yet infected the business sector.
5. Business operating conditions getting harder with insolvencies increasing both in Australia and US.

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#finance #investing #stockmarketnews #august2023 #joelhewish #unitedglobalcapital

0:00 Introduction
1:32 Indexes Updates
18:06 Market Overview – US
29:08 Macroeconomic Overview – Global
30:48 Macroeconomic Overview – US
32:24 Macroeconomic Overview – Australia
35:27 Summary
37:42 What To Do Now