Volatility Up In August As Investors Sell Off: JPM Prime Brokerage

S&P 500 (INDEXSP:.INX) followed up its July rally with an August correction as risk assets were sold off. The index fell by more than 3 percent overall with utilities and financials performing the worst and materials nearly breaking even as focus returned to macro factors, according to a JPMorgan Chase & Co (NYSE:JPM) prime brokerage report obtained by ValueWalk.

Volatility in emerging markets

“The month was characterized by a renewed focus on macro issues, including tensions in the Middle East centered on Egypt and Syria, heightened volatility in emerging markets, continued uncertainty over the prospect and...