The Gift of Loved Ones – September 1, 2023

Wealth Management • Sep 02 2023
The Gift of Loved Ones – September 1, 2023
Morgan Lewis Posted on September 2, 2023

The Gift of Loved Ones

This author is incredibly thankful for the opportunity to spend the current long weekend with loved ones. While markets are an absolute fascination and a dedicated passion, people are flat-out amazing! The chance to appreciate the extraordinary folks we’re all surrounded by is a gift. It’s a gift not to be taken for granted, and one that refreshes the soul and inspires. This week, HAI will be appreciating the soul-refreshing inspiration gifted by so many. As such, this week’s HAI will be limited to prices only. HAI wishes all readers much inspiration, full refreshment, and an incredible long weekend! See you all next week!

Weekly performance: The S&P 500 gained 2.50%. Gold was up 1.40%, silver gained 1.37%, platinum added 2.16%, and palladium was down 0.14%. The HUI gold miners index rallied by 2.14%. The IFRA iShares US Infrastructure ETF was up 2.32%. Energy commodities were volatile and higher on the week. WTI crude oil surged 7.17%, while natural gas gained by 4.06%. The CRB Commodity Index was up 2.21%, and copper was higher by 2.45%. The Dow Jones US Specialty Real Estate Investment Trust Index was up 1.53%. The Vanguard Utilities ETF (VPU) was down 1.25%. The dollar index gained 0.17% to close the week at 104.19. The yield on the 10-yr Treasury was down 7 bps, to end the week at 4.18%.

Have a truly wonderful weekend!

Best Regards,

Morgan Lewis
Investment Strategist & Co-Portfolio Manager

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