Homrich & Berg says inflation stays above Fed target, weighing on stocks and bonds
Reuters2026/08/03 19:26- Homrich & Berg flagged steady US growth signals, persistent inflation pressure, rising long-term rate expectations despite Fed jawboning.
- US stocks fell 0.5% in July; Russell 3000 growth dropped about 5% versus value, worst relative month since 2001.
- Momentum factor slid nearly 8%; value, quality, defensive stocks outperformed while tech lagged amid a growth-style unwind.
- AI-linked stocks fell over 14% since early June; non-AI stocks gained about 5%, keeping the equal-weighted S&P 500 near highs.
- FOMC held rates; markets priced about an 80% chance of a September hike; 30-year yield rose to about 5.2%, highest since 2007.
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